By Sarah Lizee
Olympia, Wash., Oct. 24 – The Bank of Thailand auctioned 18.7 billion baht of 2 7/8% debt securities due Dec. 17, 2028 in an auction on Wednesday, according to a notice.
The weighted average accepted yield was 2.8663%. The accepted yields ranged from 2.854% to 2.872%.
The bid-to-cover ratio was 3.15.
Of the accepted bids, 16.01 billion baht were competitive and 990 million baht were non-competitive. The bank also accepted an over-allotment option of 1.7 billion baht.
| Issuer: | Thailand
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| Issue: | Debt securities
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| Amount: | 18.7 billion baht
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| Maturity: | Dec. 17, 2028
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| Coupon: | 2 7/8%
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| Weighted average yield: | 2.8663%
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| Auction date: | Oct. 24
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| Settlement date: | Oct. 26
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