By Richard Connell
New York, Nov. 10 - The Bank of Thailand announced the results of Wednesday's auction of government bonds, which came in two tranches totaling 14.9 billion baht.
Thailand auctioned 12 billion baht in an offering of 2.8% debt restructuring government bonds due Oct. 10, 2017, pricing them with a weighted average yield of 3.2396%.
Accepted yields ranged from 3.185% to 3.29%, and the bid to cover ratio was 1.23.
A total of 12 billion baht was offered for this auction.
In a second tranche, the bank sold 2.9 billion baht in a reopening of its 3.65% bonds due June 20, 2031, pricing them with a weighted average yield of 3.7239%.
Accepted yields ranged from 3.7% to 3.75%, and the bid to cover ratio was 0.93.
The size of the offering was 6 billion baht.
Issuer: | Bank of Thailand
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Issue: | Government bonds
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Amount: | 14.9 billion baht
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Auction date: | Nov. 10
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Settlement date: | Nov. 12
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Bonds due 2017
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Amount: | 12 billion baht
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Maturity: | Oct. 10, 2017
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Coupon: | 2.8%
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Weighted average yield: | 3.2396%
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Accepted yields: | 3.185% to 3.29%
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Bonds due 2031
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Amount: | 2.9 billion baht
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Maturity: | June 20, 2031
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Coupon: | 3.65%
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Weighted average yield: | 3.7239%
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Accepted yields: | 3.7% to 3.75%
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