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Published on 7/25/2006 in the Prospect News Emerging Markets Daily.

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

By Reshmi Basu

New York, July 25 - The Bank of Thailand issued a total of 22 billion baht of bonds in two tranches on Tuesday.

The bank issued 12 billion baht of 364-day bonds at a weighted average yield of 5.2747%. The bid to cover ratio was 2.25.

The bank also sold 10 billion baht of two-year bonds at a coupon of 5½% and a weighted average yield of 5.3529%. The bid to cover ratio was 2.39.

Issuer:Bank of Thailand
Total amount:22 billion baht
Auction date:July 25
Settlement date:July 27
364-day bonds
Amount:12 billion baht
Maturity:July 19, 2007
Weighted average yield:5.2747%
Accepted yields:5.26% to 5.288%
Two-year bonds
Amount:10 billion baht
Maturity:June 15, 2008
Coupon:5½%
Weighted average yield:5.3529%
Accepted yields:5.336% to 5.36%

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