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Published on 11/29/2006 in the Prospect News Emerging Markets Daily.

New Issue: Bank of Thailand auctions 26.5 billion baht of 11-day, three-year, 15-year bonds

By Reshmi Basu

New York, Nov. 29 - The Bank of Thailand announced the results of its auction, in which it issued 26.5 billion baht of bonds.

It issued 20 billion baht of 11-day bonds at a weighted average yield of 4.80402%. The bid to cover ratio was 0.57.

It also issued 3.5 billion baht of three-year bonds at a coupon of 5 3/8% and a weighted average yield of 4.7174%. The bid to cover ratio was 6.78.

And it auctioned 3 billion baht of 15-year bonds at a coupon of 5.85% and a weighted average yield of 5.0269%. The bid to cover ratio was 3.35.

Issuer: Bank of Thailand

Total Amount: 26.5 billion baht

Issue: Bank of Thailand bonds

Auction date: Nov. 29

Settlement date: Dec. 1

11-day bonds

Amount: 20 billion baht

Maturity: Dec. 12, 2006

Weighted average yield: 4.80402%

Accepted yields:4.76% to 4.83%
Three-year bonds
Amount: 3.5 billion baht
Maturity: May 15, 2009
Coupon: 5 3/8%
Weighted average yield: 4.7174%
Accepted yields:4.712% to 4.729%
15-year bonds
Amount: 3 billion baht
Maturity: March 31, 2021
Coupon: 5.85%
Weighted average yield: 5.0269%
Accepted yields:5.025% to 5.027%

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