Political uncertainty? Thailand kicks off linkers anyway

The Kingdom of Thailand kicks off domestic roadshows to raise up to $1.3 billion from Southeast Asia’s first inflation-linked bond.

Political uncertainty? Thailand kicks off linkers anyway

Thailand’s domestic bond markets have shown a peculiar resilience despite the kingdom’s political situation being in a constant state of flux. The baht bond market has stayed liquid no matter how volatile markets have been, thanks in no small part to active participation from Thai retail investors.

Now, with elections just a month away, the country has started marketing an inflation-linked bond. The debut linker is part of an ambitious plan that will make Thailand...

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