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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
Auction date:March 7
Settlement date:March 9
One-year bill
Amount:14 billion baht
Maturity:March 8, 2007
Weighted average yield:4.62637%
Accepted yields:4.58% to 4.65%
Two-year bond
Amount:10 billion baht
Maturity:Jan. 12, 2008
Coupon:5%
Weighted average yield:4.9258%
Accepted yields:4.908% to 4.94%

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