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Published on 6/12/2009 in the Prospect News Emerging Markets Daily.

New Issue: Bank of Thailand auctions 5 billion baht three-year floaters at 1.42284% average yield

By Richard Connell

New York, June 12 - The Bank of Thailand auctioned 5 billion baht of floating-rate bonds due March 17, 2012, pricing them with a weighted average yield of 1.42284%.

Bids were received and accepted for all 5 billion baht of the bonds offered.

The bonds have a floating coupon of six-month Bibor minus 20 basis points, fixed on March 11 at 1.69375%.

Accepted yields ranged from 1.40484% to 1.44484%.

The bid to cover ratio was 5.33.

Issuer:Bank of Thailand
Issue:Bonds
Amount:5 billion baht
Maturity:March 17, 2012
Coupon:Six-month Bibor minus 20 bps; initially 1.69375% as of March 11
Weighted average yield:1.42284%
Accepted yields:1.40484% to 1.44484%
Auction date:June 12
Settlement date:June 16

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