Allens Arthur Robinson (Allens) has acted for the Commonwealth Bank of Australia (CBA) on the first issuance of bonds into the Thai debt markets by an Australian organisation.

The transaction is valued at THB 4 billion (approximately AUD 145 million) with two tranches of senior bonds, one with a four year maturity and the other with a seven year maturity.

Allens brought together a team from Sydney and Bangkok to help CBA, with Partners David Clifford in Sydney and Marcus Clark in Bangkok leading on the deal, alongside Overseas Practitioner Nina Godoy and Associate Jeffrey Sok. Allens has operated in Bangkok since 1997 through a joint practice with Thai firm Siam Premier.

'Allens is very pleased to be able to work with the team at CBA as they enter this new market,' said Mr Clifford.

'With the largest regional network of any Australian law firm and the only major Australian firm with a Bangkok presence, we were able to offer a seamless service to CBA that drew upon our experience and understanding of both Australian and Thai law.'

'This issue of Thai Bonds into the Thai debt market further boosts the diversity of CBA's funding sources and adds depth to the Thai bond market,' Mr Clark added.