Kingdom of Thailand wins with big step towards a deep, liquid and sophisticated bond market
Sole bookrunner HSBC claims a Euromoney Deal of the Year 2011 for its pivotal Kingdom of Thailand bond
Indonesia was not the only sovereign to impress in 2011. Euromoney has long argued the importance of deep, liquid, sophisticated local-currency bond markets in Asia, and the transaction that most clearly spelled out how much improvement has taken place came from Thailand, with a Bt40 billion ($1.26 billion) inflation-linked bond that priced in July.
Chakkrit Parapuntakul, director general of the ministry of finance’s public debt management office, says:
For full details and the story behind this deal, click here