Thailand pulls off southeast Asian first, gets big demand for Bt40bn inflation-linked bond

13 Jul 2011

The Kingdom of Thailand closed the institutional order book for a planned Bt40bn ($1.32bn) inflation-linked bond last week, getting strong demand for the first such issue from any country in southeast Asia.

Thailand hit another first with this issue, becoming the first Asian country to book-build an inflation-linked issue. South Korea and Japan have both sold inflation-linked bonds, but both used auctions to generate demand. The syndication method clearly worked: 66 investors from 11 different countries participated in the deal, ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial