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Published on 3/23/2012 in the Prospect News Emerging Markets Daily.

New Issue: Bank of Thailand sells 10 billion baht floaters due 2014 at 3.10408% average yield

By Marisa Wong

Madison, Wis., March 23 - Bank of Thailand said it auctioned 10 billion baht of floating-rate government bonds due Jan. 17, 2014 on Friday.

The weighted average accepted yield is 3.10408%.

Interest is three-month Bibor minus 20 basis points, which was set at 3.02538% as of Jan. 11.

The bid-to-cover ratio was 1.95. The accepted yield range was 3.10308% to 3.10508%.

Issuer:Bank of Thailand
Issue:Government bonds
Amount:10 billion baht
Maturity:Jan. 17, 2014
Coupon:Three-month Bibor minus 20 bps
Weighted average yield:3.10408%
Auction date:March 23
Settlement date:March 27

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