Thai Exim sets benchmark with rare issuance

Bangkok_2_230px
By Morgan Davis
15 Nov 2018

Export-Import Bank of Thailand has raised $300m from its first foray into the offshore bond market, generating $2.5bn of demand — and setting an important benchmark for the country’s issuers. Morgan Davis reports.

Thai issuers are relatively rare in the offshore market. Just six dollar deals from the country had been sold this year, before Thai Exim hit market on Tuesday, according to Dealogic data. And while Thai Oil followed in the policy bank’s footsteps rapidly on Thursday, the pipeline for ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial