KASIKORNBANKPCL raised US$400 million via an offering of senior unsecured debentures.
The bank said Sept. 30 that the debentures were priced with aninterest rate of 2.375%, with interest paid every six months. The debenturesare due in 2022. The subscription for the offering was 3x the available amount.
The lender said it is issuing the debentures in response tothe recent growth in foreign currency-denominated debt. It is also part of thebank's strategy to sustain its competitive advantage by boosting the liquidityof its foreign assets.