By Tali Rackner
Minneapolis, April 12 – The Bank of Thailand accepted bids for 14.3 billion baht of 2 7/8% debt securities due June 17, 2046 in an auction on Wednesday, according to a notice.
Of the accepted bids, 12.5 billion baht were competitive and 500 million baht were non-competitive, for a total of 13 billion baht. The bank also accepted an over allotment of 1.3 billion baht.
The weighted average accepted yield was 3.4506%, and the accepted yields ranged from 3.434% to 3.5%.
The bid-to-cover ratio was 1.84.
| Issuer: | Thailand
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| Issue: | Debt securities
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| Amount: | 14.3 billion baht
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| Maturity: | June 17, 2046
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| Coupon: | 2 7/8%
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| Weighted average yield: | 3.4506%
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| Auction date: | April 12
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| Settlement date: | April 18
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