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Thailand Banks Confident They Can Pay Despite Lingering Debt Worry.
Byline: Cholada Ingsrisawang
Jan. 3--Nearly three years ago, Thailand's banks were all but saved from nationalisation and bankruptcy through the issue of a new type of security combining elements of equity and debt.
The capital securities, issued under names such as Slips (Stapled Limited Interest Preferred Stock) or Caps (Capital Augmented Preference Shares), offered investors interest ranging from 11 percent to 23 percent and combined preferred shares with subordinated debentures.
With the international markets all but closed to emerging market issuers, the capital securities helped buy time for local banks to meet their capital shortfall until a later date when the deficits could be made up with more conventional equity issues.
Thai Farmers Bank was the first to the market, raising 40 billion baht in early 1999 through its Slips programme. Half the capital came ...
- Bangkok Bank to Clear Retained Losses.
- Newspaper article from: Knight Ridder/Tribune Business News April 5, 2003 700+ words
...said. As of the end of 2002, Bangkok Bank had retained losses of 112...baht. Local banks, including Bangkok Bank, Thai Farmers Bank, Thai Military Bank and Bank...to as high as 22 percent. Bangkok Bank raised nearly 70 billion baht...
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...Business News Nov. 10--Bangkok Bank yesterday signed a co...capital fund, after Thai Farmers Bank and Bangkok Metropolitan Bank. Bangkok Bank will recommend potential...s end. He said Thai Farmers Bank had already forwarded names...
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- Newspaper article from: Knight Ridder/Tribune Business News April 22, 2003 700+ words
...loss coverage at Bangkok Bank now around 62 percent...potential factor why Bangkok Bank had yet to firmly announce...Kasikornbank (formerly Thai Farmers Bank) recently announced...expectations were that Bangkok Bank would redeem the securities...
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- Newspaper article from: Xinhua English Newswire March 15, 1996 700+ words
The Thai Farmers Bank has overtaken the Charoen...ranked the third and Bangkok Bank slipped to the fourth...firms in Asia. The Thai Farmers Bank's restructuring program...organizers said. The Thai Farmers Bank recorded a profit of...
- Sunny side down. (Thailand's economy and banking industry)(Industry Overview)
- Magazine article from: The Banker Baker, Gill March 1, 1996 700+ words
...the market leaders Bangkok Bank, Thai Farmers Bank, 60% state-owned...Capel Asia. Thai Farmers Bank figures for the...previous years. Thai Farmers Bank and Siam Commercial...s largest bank, Bangkok Bank, saw a 12% increase...
- Low Interest Rates to Fuel New Debt at Thai Banks.
- Newspaper article from: Knight Ridder/Tribune Business News January 13, 2003 700+ words
...banks, including Bangkok Bank, Thai Farmers Bank and Bank of Ayudhya...the chairman of Bangkok Bank, said whether the...securities, only Thai Farmers Bank was expected to...capital increase, Bangkok Bank was unlikely to...
- Bangkok Bank becomes first bank in Thailand to issue its own credit card on the...
- Press release article from: M2 Presswire June 30, 2000 700+ words
...June 2000-AMERICAN EXPRESS: Bangkok Bank becomes first bank in Thailand...LTD RDATE:29062000 BANGKOK -- Bangkok Bank PCL (BBL) and American Express today announced the launch of the Bangkok Bank American Express Credit Card...
- Analysis: Thai banks still struggling.
- News wire article from: United Press International December 16, 2002 700+ words
...quarter results show bank profits on the rise. Bangkok Bank, Thai Farmers Bank and Siam Commercial Bank, whose stocks are...welcomed this news with the stock prices of Bangkok Bank, Thai Farmers Bank and Siam Commercial Bank all higher for the...
