Clifford Chance advises on Thailand's first dim sum bond issuance
10 March 2015
Clifford Chance advises on Thailand's first dim sum bond issuance
Bangkok, Hong Kong: Leading international law firm Clifford Chance has advised the lead managers, HSBC and ING, on the inaugural dim sum bond issued by TMB Bank Public Company Limited (TMB), one of the largest retail banks in Thailand. This represents two market firsts: the first RMB denominated bond issued by a Thai issuer and the first international bond issued by a Thai issuer so far this year.
Counsel Doungporn Prasertsomsuk who co-lead the deal said, "We were delighted to advise on this historic bond issuance. The RMB bond market continues develop and mature and it is very exciting to see a Thai issuer embrace this market. We hope that this will set a precedent for other Thai issuers."
The team was led by Hong Kong partner Matt Fairclough and Bangkok counsel Doungporn Prasertsomsuk, with support from Hong Kong senior associate Mark Chan and Bangkok associate Sirintra Laungwattanawanich.
Clifford Chance has been at the forefront of the internationalisation of the RMB market and has advised on some of the leading dim sum bond deals in the market to date.