Thailand gears up for international bond bonanza

For the first time since 1998, the Thai government has become serious about setting new benchmarks in euros, dollars and yen.

In an interview with FinanceAsia, Sommai Phasee the Ministry of Finance's deputy permanent secretary says that the Kingdom is preparing to make 2002 the year it returns to the international bond markets. Phasee comments that Thailand is finalizing a $1.5 billion international capital markets quota for 2002, with plans for bond deals in yen and dollars, as well as a possible euro-denominated issue.

He states that the first of several deals could come as soon as March, with about...

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