Thailand to launch international bond (again)

The Kingdom of Thailand has issued an RFP(Request for Proposals) for a $300 million bond issue.

Bankers were surprised to receive a new RFP for a deal by the Kingdom of Thailand last Friday. Ever since the financial crisis, the government's constant prevarication over its return to the international bond markets has been a continuing source of amusement and scepticism for most market practitioners.

Only last autumn, the Thai government mandated a four handed deal to raise $800 million to $1 billion, but then pulled back at the eleventh hour pleading difficult market conditions....

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