IFC proposes $150m investment in bond issue of Thai bank Krungsri

Photo: Krungsri

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.

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