Monday, June 18, 2007

Thailand's TMB Bank Won't Pay Interest on Hybrid Debt in July After Loss

(Bloomberg) -- TMB Bank Pcl., partly owned by
Singapore's DBS Group Holdings Ltd., said it won't pay holders
of its hybrid debt interest that's due next month after
reporting a loss last year.

Thailand's fifth-largest lender is scheduled to pay
interest of 270 million baht ($8.3 million) on $200 million of
securities, it said in a statement filed to the Singapore stock
exchange today.


Read more at Bloomberg Bonds News

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