BANGKOK, Nov 8: Thailand will offer its first amortised bonds worth up to 30 billion ($977 million) in December, a senior Finance Ministry official said on Thursday, saying such bonds could improve debt management and help develop the domestic market.
The 25-year bonds will offer a fixed rate, which will be decided on Nov. 14, Chularat Suteethorn, director general of the Public Debt Management Office, told reporters.
The principal will be repaid between the 21th and 25th year, 20 percent each year, she said.
‘Amortised bonds can help manage liquidity better than normal government bonds as the principal will be repaid over the last five years, not at once,’ Chularat said.
Bangkok Bank, Deutsche Bank and HSBC will be joint lead managers for the bonds.
Chularat said the ministry also planned to sell 40 billion baht in 15-year inflation-linked bonds (ILBs) in the January-March quarter after the recent strong sale of 10-year ILBs.
($1 =30.70 baht)
(AGENCIES)
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