Bangkok Bank Public Company Limited (SET: BBL) has announced the issuance of US$1,100 million in aggregate senior and unsecured notes with a trustee to offshore investors via the Stock Exchange of Thailand (SET).
On November 26, 2025, BBL issued two series of senior and unsecured notes with a trustee under the Bank’s Global Medium Term Note Program with the following details:
The first series consists of senior, unsecured notes entitled “BANGKOK BANK PUBLIC COMPANY LIMITED acting through its Hong Kong Branch Issue of US$500,000,000 4.507% Notes due 2030.” These notes hold a credit rating of Baa1 from Moody’s and BBB+ from S&P, with a principal amount of US$500 million, a five-year maturity, and a fixed interest rate of 4.507% per annum. Interest payments will be made on May 26 and November 26 of each year, starting May 26, 2026. The notes will mature on November 26, 2030.
The bank retains the right to redeem all or part of the notes before maturity, subject to giving noteholders and their representative not less than 15 days’ and not more than 30 days’ prior notice. These notes were offered to institutional investors overseas, with Morgan Stanley & Co. International plc, Citigroup Global Markets Inc., and The Hongkong and Shanghai Banking Corporation Limited acting as joint lead managers.
The second series also comprises senior, unsecured notes, titled “BANGKOK BANK PUBLIC COMPANY LIMITED acting through its Hong Kong Branch Issue of US$600,000,000 5.082% Notes due 2035.” This tranche is rated Baa1 by Moody’s and BBB+ by S&P, with a principal amount of US$600 million, a ten-year maturity, and a fixed coupon of 5.082% per annum. Interest will be paid every May 26 and November 26, with the first payment on May 26, 2026. The notes mature on November 26, 2035. The bank also retains an early redemption option under the same terms as the first series and will likewise offer the notes to institutional investors abroad, with the same joint lead managers.
