Two new debt deals look to widen Thailand's high yield debt market

Two single-B rated Thai credits hope to follow G-Steel's lead into the international bond markets over the coming few weeks, with plans to raise up to $500 million between them. ABN AMRO and Deutsche Bank have been mandated for a proposed $250 million offering by B- rated pulp and paper producer Advance Agro, while JPMorgan will lead a $225 million Reg S/144a bond for B2/B+ rated telecom operator True Corp.