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Published on 3/7/2018 in the Prospect News Emerging Markets Daily.

New Issue: Thailand auctions 10 billion baht 3.6% bonds due 2067 to yield 3.4515%

By Sarah Lizee

Olympia, Wash., March 7 – The Bank of Thailand accepted bids for 10 billion baht of 3.6% debt securities due June 17, 2067 in an auction on Wednesday.

Of the accepted bids, 9.8 billion baht were competitive and 200 million baht were noncompetitive.

The weighted average accepted yield was 3.4515%, and the accepted yields ranged from 3.432% to 3.478%, according to a notice.

The bid-to-cover ratio was 1.34.

Issuer:Thailand
Issue:Debt securities
Amount:10 billion baht
Maturity:June 17, 2067
Coupon:3.6%
Weighted average yield:3.4515%
Auction date:March 7
Settlement date:March 9

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