Bangkok Bank $1.25 billion notes offering
The investment-grade notes are due 2028 and 2033
Davis Polk advised the joint bookrunners in connection with a drawdown under the $7 billion global medium-term note program of Bangkok Bank Public Company Limited consisting of a Rule 144A / Regulation S offering by Bangkok Bank, acting through its Hong Kong branch, of $500 million aggregate principal amount of 5.300% notes due 2028 and $750 million aggregate principal amount of 5.500% notes due 2033.
Bangkok Bank is the largest commercial bank in Thailand by total deposits and shareholders’ equity attributable to its owners and one of the leading commercial banks in Southeast Asia. In addition to an extensive branch network in Thailand, Bangkok Bank operates through branches or subsidiaries in Cambodia, the People’s Republic of China, Hong Kong, Indonesia, Japan, Laos, Malaysia, Myanmar, the Philippines, Singapore, Taiwan, the United Kingdom, the United States and Vietnam.
The Davis Polk corporate team included partner Gerhard Radtke, counsel – registered foreign lawyer Jennifer (Yujia) Jiang and registered foreign lawyer Sean Su. Members of the Davis Polk team are based in the Hong Kong and Beijing offices.