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Published on 8/24/2016 in the Prospect News Emerging Markets Daily.

New Issue: Thailand sells 7.73 billion baht of 2 7/8% bonds due 2046 at 2.8027% average yield

By Susanna Moon

Chicago, Aug. 24 – The Bank of Thailand accepted bids for 7.73 billion baht of 2 7/8% debt securities due 2046 in an auction on Wednesday.

The weighted average accepted yield was 2.8027%, with accepted yields ranging from 2.735% to 2.85%, according to a notice.

The bid-to-cover ratio was 0.74.

The issuer accepted 7.36 billion of competitive bids and 370 million of non-competitive bids.

Issuer:Bank of Thailand
Issue:Debt securities
Amount:7.73 billion baht
Maturity:July 17, 2046
Coupon:2 7/8%
Weighted average yield:2.8027%
Auction date:Aug. 24
Settlement date:Aug. 26

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