Baker McKenzie advised Minor International Public Company Limited on a landmark issuance of guaranteed senior perpetual notes with a total value of USD 300 million. The notes are guaranteed by Bangkok Bank Public Company Limited, Hong Kong Branch, and are offered to investors overseas in reliance on Regulation S.
The deal was led by partners Viroj Piyawattanametha and Kowit Adireksombat, with support by associates Sakares Khamwalee, Sawaporn Sophanodora, Pongnut Mengkred, and Grongjaporn Saosaovaphak, all based in Bangkok.
“We feel absolutely honored and elated to have successfully assisted Minor in this challenging transaction, especially amid the COVID-19 pandemic. It exemplifies the client's full trust in our team and it was such a joy to work closely with Minor and all the relevant parties," commented Viroj.
He also added, "I believe that perpetual notes and debentures whether sold domestically or overseas will become a vital fund raising instrument for many companies seeking to boost equity on their books. This is yet another success of our Debt Capital Markets team, hot on the heels of the recent perpetual note offerings by B.Grimm Power Public Company Limited and Bangchak Corporation Public Company Limited."