Rating unchanged for KTB's US$700m note issue | Bangkok Post: business

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Rating unchanged for KTB's US$700m note issue

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Fitch Ratings has assigned Krungthai Bank (KTB) a final rating of BBB- for its US$700-million, 10.5-year, Basel III-compliant Tier-2 subordinated notes. 

The notes, part of the bank's 2.5-billion-euro (110-billion-baht) medium-term note scheme, are issued out of KTB's Cayman Islands branch.

The rating action follows the completion of the subordinated notes issue, as well as the receipt of final documents that conform to information previously received.

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