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Published on 9/14/2016 in the Prospect News Emerging Markets Daily.

New Issue: Thailand sells 13 billion baht of 4% bonds due 2066 to yield 3.2289%

By Wendy Van Sickle

Columbus, Ohio, Sept. 14 – The Bank of Thailand accepted bids for 13 billion baht of 4% debt securities due 2066 in an auction on Wednesday, according to a notice.

The weighted average accepted yield was 3.2289%, and the accepted yields ranged from 3.159% to 3.278%.

The bid-to-cover ratio was 1.35.

Of the accepted bids, 12.52 billion baht were competitive and 480 million baht were non-competitive.

Issuer:Bank of Thailand
Issue:Debt securities
Amount:13 billion baht
Maturity:June 17, 2066
Coupon:4%
Weighted average yield:3.2289%
Auction date:Sept. 14
Settlement date:Sept. 16

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