Back in August last year, the Bank of Thailand introduced changes to legislation that were designed to make it easier for the country's financial institutions to raise capital. By allowing them to sell instruments of upper tier 2 capital, essentially unsecured subordinated debt, the central bank was offering institutions a way to meet their capital requirements, something necessitated by the difficulty in raising equity through the stock market.
One would presume that, armed with this new tool, commercial banks and other institutions would be lining up with deals, but as yet, that hasn't happened. Only the Industrial Finance Corporation of Thailand IFCT - the part government-owned agency to help finance financial institutions ...
