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Investors have fully subscribed KASIKORNBANK’s 22-billion-Baht of debentures, this long-term investment mirroring their confidence in the Bank’s growth potential. The issuance is aimed at raising long-term funding with reasonable interest payment and the proceeds will be counted as the Bank’s Tier-2 capital.
KASIKORNBANK’s 10-year, 22-billion-Baht subordinated debentures with issuer’s early redemption right were subscribed during February 6 to 14, 2012, via the Bank’s nationwide branch network. As confirmed by Mr. Somkiat Sirichatchai, Senior Executive Vice President of KASIKORNBANK, a number of investors had shown interest in the debentures, which were later fully subscribed as planned.
This achievement reflects investor confidence in the Bank’s business potential with solid financial performance, growth and stability. The Bank’s subordinated debentures have been rated by Fitch Ratings (Thailand) at AA-(tha), and have become an alternative investment tool with certain returns of 4.5 percent per annum.