The International Finance Corporation (IFC), a member of the World Bank Group, is proposing to invest up to $150 million in the privately-placed, senior, unsecured USD-denominated bonds to be issued by Bank of Ayudhya Public Company, locally known as Krungsri, according to a disclosure.
The plan is to be an anchor investor in the $220-million “Women Entrepreneurs Bonds” of Thailand’s fifth-largest commercial bank, which is a strategic subsidiary of MUFG Bank, formerly Bank of Tokyo-Mitsubishi UFJ.
