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Published on 6/22/2016 in the Prospect News Emerging Markets Daily.

New Issue: Thailand auctions 10 billion baht of 4% bonds due 2066 to yield 3.0227%

By Wendy Van Sickle

Columbus, Ohio, June 22 – The Bank of Thailand accepted bids for 10 billion baht of 4% debt securities due June 17, 2066 in an auction on Wednesday, according to a notice.

The weighted average accepted yield was 3.0227%, and the accepted yields ranged from 2.998% to 3.038%.

The bid-to-cover ratio was 2.24.

Of the accepted bids, 8 billion baht were competitive and 2 billion baht were non-competitive.

Issuer:Thailand
Issue:Debt securities
Amount:10 billion baht
Maturity:June 17, 2066
Coupon:4%
Weighted average yield:3.0227%
Auction date:June 22
Settlement date:June 24

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