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Thailand to Sell $300 Million Floating-Rate Notes.
Byline: Chatrudee Theparat
May 14--The cabinet yesterday approved the issue of $300 million worth of floating-rate notes (FRN) as a substitute for earlier plans for new global bond issue.
The bond issue, which would have been the first sovereign bond issue by Thailand since 1997, was scrapped due to volatility in market rates.
The FRN notes, lead-managed by Deutsche Bank, carry a term of five years with a rate of 0.2975 percent over the six-month Libor (London Interbank Offered Rate), which was 1.32 percent as of April 22.
Finance Minister Suchart Jaovisidha said that the FRN programme would take advantage of low short-term interest ...
- Bangkok Post, Thailand, Business Briefs Column.
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...continued to tighten the noose around the Bangkok Post's neck in what The Nation today described...government against the media." The Bangkok Post said today government-owned Airports...SET:POST) and the editor of the Bangkok Post, Kowit Sanandang, for alleged defamation...
