Cargill makes Thai baht debut

August 27, 2008 12:00 am

Cargill, the US food and commodities group, made its debut in the Thai baht market on Tuesday, pricing a Bt3.5bn three year deal. After three weeks of marketing, lead manager Citigroup opened and closed the books on Tuesday, bucking political instability to price the issue at 85bp over the government benchmark. Read EuroWeek on Friday for a full reaction to the deal, and to find out what it means for the queue of international borrowers eyeing the Thai market.

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