Investors embrace rare Thai issuer

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By Morgan Davis
21 Mar 2018

Thailand’s Ratchaburi Electricity Generating Holding Public Co (Ratch) made a rare appearance in the debt market on Tuesday, raising $300m at a tight price thanks to its scarcity appeal.

Ratch was met with a tough market backdrop on Tuesday in Asia as the US market had weakened overnight, adding to the existing volatility that has plagued the credit markets in recent weeks. Most issuers have been approaching the buy-side with caution, expecting to pay up a decent ...

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