BBL issues bonds

Bangkok Bank Plc (BBL) on Friday issued two series of senior unsecured debentures worth US$500 million each for foreign institutional investors.

One series will mature in Oct 3, 2018 with a coupon rate of 3.3%

The other will mature on Oct 3, 2023 with a coupon rate of 5%.

Both were rated A3, BBB+ and BBB+ by Moody's, S&P's and Fitch Ratings, respectively.

Morgan Stanley & Co International is the lead manager for both series.

Shares of BBL closed Friday on the Stock Exchange of Thailand at 199 baht, down five baht, in trade worth 463 million baht.