New Issue: Bank of Thailand auctions 22 billion baht of bonds

By Reshmi Basu

New York, May 30 - The Bank of Thailand announced the results of its auction, in which it issued 22 billion baht of bonds.

Thailand issued 10 billion baht of 364-day bonds with a weighted average yield of 5.16054%. The bid-to-cover ratio was 3.11.

The bank also issued 12 billion baht of two-year bonds at a weighted average yield of 5.2577%. The bid-to-cover ratio was 2.23.

Issuer:	Bank of Thailand
Total amount:	22 billion baht
Issue:	Bonds
Auction date:	May 30
Settlement date:	June 1
364-day bonds
Amount:	10 billion baht
Maturity:	May 17, 2007
Weighted average yield:	5.16054%
Accepted yields:	5.149% to 5.17%
Two-year bonds
Amount:	12 billion baht
Maturity:	April 7, 2008
Coupon:	5 3/8%
Weighted average yield:	5.2577
Accepted yields:	5.245% to 5.272%

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