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Thailand's Kasikorn Asset Management Plans Two New Funds.
Byline: Nuntawun Polkuamdee
Jan. 6--Kasikorn Asset Management will launch two new fixed-income funds on Jan 15, aimed directly at investors holding capital securities issued by major shareholder Kasikornbank due for early redemption later this month.
President Dayana Bunnag said the new funds would have registered capital of five billion baht each.
Kasikornbank will redeem its 40 billion baht worth of capital securities on Jan 12.
The securities, known as Slips (Stapled Limited Interest Preferred Stock), comprise preferred stock and subordinated debentures with annual returns of more than 11 percent.
Mrs Dayana said K-Asset, ...
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