ADB debuts Thai landmark

Supranational opens third market in just over a year

The Asian Development Bank ADB has launched its inaugural baht denominated bond with a Bt4 billion $100 million bullet offering. The deal represents the first internationally rated triple-A deal to come out of Thailand and the first triple-A rated asset available to domestic investors.

The five-year deal was priced at par with a semi-annual coupon of 3.87% to yield at 17bp over the interpolated government bond yield curve. The notes were pitched to investors on a...

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