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Published on 4/25/2018 in the Prospect News Emerging Markets Daily.

New Issue: Thailand auctions 31.69 billion baht bonds due 2022 to yield 1.8881%

By Sarah Lizee

Olympia, Wash., April 25 – The Bank of Thailand said it accepted bids on Wednesday for 31.69 billion baht of 2% bonds due 2022, according to a notice.

Thailand accepted 30 billion baht of competitive bids and no noncompetitive bids, while 1.69 billion baht came from a greenshoe.

The weighted average accepted yield was 1.8881%, and accepted yields ranged from 1.88% to 1.889%.

The bid-to-cover ratio was 2.72.

Issuer:Thailand
Issue:Debt securities
Amount:31.69 billion baht (including 1.69 billion baht greenshoe)
Maturity:Dec. 17, 2022
Coupon:2%
Weighted average yield:1.8881%
Auction date:April 25
Settlement date:April 27

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