Published on 3/7/2006 in the Prospect News Emerging Markets Daily.
New Issue: Bank of Thailand sells 24 billion baht of bonds
By Reshmi Basu
New York, March 7 - The Bank of Thailand issued a total of 24 billion baht of bonds.
The bank issued 14 billion baht of one-year bills at a weighted average yield of 4.62637%. The bid-to-cover ratio was 1.03.
The bank also sold 10 billion baht of two-year bonds at a coupon of 5% and a weighted average yield of 4.9258%. The bid-to-cover ratio was 2.04.
Issuer: | Bank of Thailand
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Auction date: | March 7
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Settlement date: | March 9
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One-year bill
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Amount: | 14 billion baht
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Maturity: | March 8, 2007
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Weighted average yield: | 4.62637%
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Accepted yields: | 4.58% to 4.65%
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Two-year bond
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Amount: | 10 billion baht
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Maturity: | Jan. 12, 2008
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Coupon: | 5%
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Weighted average yield: | 4.9258%
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Accepted yields: | 4.908% to 4.94%
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