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Published on 8/22/2018 in the Prospect News Emerging Markets Daily.

New Issue: Thailand sells 15.4 billion baht of bonds due 2032 to yield 3.775%

By Sarah Lizee

Olympia, Wash., Aug. 22 – The Bank of Thailand auctioned 15.4 billion baht of 3.775% debt securities due June 25, 2032 in an auction on Wednesday, according to a notice.

Of the accepted bids, 13.5 billion baht were competitive and 500 million baht were noncompetitive. The bank also accepted an over-allotment option of 1.4 billion baht.

The weighted average accepted yield was 3.098%. The accepted yields ranged from 3.084% to 3.104%.

The bid-to-cover ratio was 2.43.

Issuer:Thailand
Issue:Debt securities
Amount:15.4 billion baht
Maturity:June 25, 2032
Coupon:3.775%
Weighted average yield:3.098%
Auction date:Aug. 22
Settlement date:Aug. 24

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