First for Thai baht as Laotian corporate makes its debut

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First for Thai baht as Laotian corporate makes its debut

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Coins of Thailand. King Bhumibol Adulyadej of Thailand depicted in the Thai baht coins. | /Vladimir Wrangel - Fotolia

Laotian power company EDL Generation Public Company (EDL Gen) has priced a Bt6.5bn ($197.3m) deal, making it the first Mekong corporate to issue a bond in Thai baht. The trade follows issues by the Lao Ministry of Finance and comes as other Mekong sovereigns are considering issuing debt in Thailand.

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