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Here are some details: * Tier 2 bonds are a form of bank capital that can absorb losses if the lender gets into financial difficulty. Indian bond traders are navigating uncertain waters as soaring oil prices weigh heavily on market sentiment. In response, the Reserve Bank of India is tightening liquidity to combat rising inflation. This strategic move intends to stabilize overnight rates and counterbalance the pressures of high crude costs. As the RBI adopts a careful approach, the possibility of interest rate hikes looms on the horizon. * The bonds were launched at 173 basis points over U.S. Treasuries, tighter than the initial price guidance of about 205 basis points. * They have a 10-year maturity, with the bank able to repay them early after five years, subject to regulatory approval. * The bonds will mature on September 17, 2036, and are expected to be rated 'Ba1' by Moody's. * Kasikornbank is rated 'Baa1' by Moody's and 'BBB' by S&P and Fitch. * Proceeds will be used for general corporate purposes. * BNP Paribas, Citigroup, JPMorgan and Standard Chartered Bank are joint lead managers and bookrunners. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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