New Issue: Bank of Thailand auctions 6 billion baht of three-, seven-year bonds

By Reshmi Basu

New York, June 6 - The Bank of Thailand announced the results of its auction, in which it issued 6 billion baht of bonds.

Thailand issued 2 billion baht of three-year bonds at a coupon of 5 3/8% and a weighted average yield of 5.2947%. The bid-to-cover ratio was 4.80.

It also issued 4 billion baht of seven-year bonds at a coupon of 5¼% and a weighted average yield of 5.6867%. The bid-to-cover ratio was 1.38.

Issuer:	Bank of Thailand
Total amount:	6 billion baht
Issue:	Government bonds
Auction date:	June 6
Settlement date:	June 9
Three-year bonds
Amount:	2 billion baht
Maturity:	May 15, 2009
Coupon:	5 3/8%
Weighted average yield:	5.2947%
Accepted yields:	5.28% to 5.304%
Seven-year bonds
Amount:	4 billion baht
Maturity:	July 13, 2013
Coupon:	5¼%
Weighted average yield:	5.6867%
Accepted yields:	5.67% to 5.71%

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