New Issue: Bank of Thailand auctions 22 billion baht of 364-day bonds, two-year bonds

By Reshmi Basu

New York, July 10 - The Bank of Thailand announced the results of its auction in which it issued 22 billion baht of bonds.

Thailand issued 12 billion baht of 364-day bonds and a weighted average yield of 5.28619%. The bid to cover ratio was 2.36.

It also issued 10 billion baht of two-year bonds at a coupon of 5½% and a weighted average yield of 5.3894%. The bid to cover ratio was 2.36.

Issuer:	Bank of Thailand
Total amount:	22 billion baht
Issue:	Bank of Thailand bonds
Auction date:	July 10
Settlement date:	July 13
364-day bonds
Amount:	12 billion baht
Maturity:	July 5, 2007
Weighted average yield:	5.28619%
Accepted yields:	5.26% to 5.30%
Two-year bonds
Amount:	10 billion baht
Maturity:	June 15, 2008
Coupon:	5½%
Weighted average yield:	5.3894%
Accepted yields:	5.37% to 5.39%

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