Thai inflation bonds

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.
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PM Abhisit Vejjajiva is facing a close fight in Thai elections set for July 3 (AFP)
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<div style="text-align: left;"> PM Abhisit Vejjajiva is facing a close fight in Thai elections set for July 3 (AFP) </div>

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 the first country to establish an inflation-linked market in Southeast Asia.

The country plans to offer up to Bt40 billion $1.3 billion of 10-year inflation-linked bonds to Thai retail and institutional investors....

¬ Haymarket Media Limited. All rights reserved.

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