EXIM Thailand has been successful in the issuance and offering of 400-million-USD bond with a 5-year tenor and fixed coupon rate of 5.354% per annum. The bond has been well accepted by leading investors around the world with subscription amount of over 3.1 billion US dollars, which has reflected investors' confidence in EXIM Thailand's financial position and execution of its mission to support and promote Thai entrepreneurs' export and investment both at home and overseas toward sustainable development.
Dr. Rak Vorrakitpokatorn, President of Export-Import Bank of Thailand (EXIM Thailand), revealed that EXIM Thailand has notched up a great success in the issuance and offering of a 5-year senior unsecured USD bond worth 400 million US dollars carrying a fixed coupon rate of 5.354% per annum. The bond issue has attracted considerable interest from leading investors across Europe and Asia with subscription amount of more than 3.1 billion US dollars. This has reflected investors' confidence in EXIM Thailand as a state-owned specialized financial institution under the Ministry of Finance's supervision advancing toward the role of Green Development Bank mandated to drive economic, social, and environmental development of Thailand and the world at large.
EXIM Thailand's fund raising via USD bond issuance this time is the first USD bond issuance and offering this year of Thai issuers and has topped the order book size of USD bond issues in 2024 of financial institutions in South Asia and ASEAN in terms of subscription amount from more than 130 leading institutional investors across the world, i.e., central banks, sovereign wealth funds, fund managements, banks, and insurance companies.
This USD bond has been listed on Singapore Exchange and assigned credit ratings on which by Moody's and Fitch at Baa1 and BBB+, respectively. The bond's lead managers are BNP Paribas, Mizuho Securities Asia Limited, Standard Chartered Bank (Singapore) Limited, and the Hongkong and Shanghai Banking Corporation Limited, Singapore Branch.
"EXIM Thailand will use proceeds from this bond issuance to grow loans for promotion and support of export and investment domestically and abroad of Thai entrepreneurs of all sizes and industries, as well as fulfilment of Thai export supply chains, facilitation of Thai entrepreneurs' adaptability to changes and challenges in the global markets. We strive to carry on business development alongside economic, social, and environmental development with sustainable competitiveness in global trade," added Dr. Rak.