Thai Airways starts roadshow

Thailand''s flag carrier set to soak up some excess liquidity.

Joint bookrunners JPMorgan and Merrill Lynch started roadshows for Thai Airways' share offer on Monday. Pricing will take place on November 19.

The sale, which is expected to raise Bt15 billion, will comprise an offer of 285 million new shares and a disposal of 100 million shares held by the Ministry of Finance. This week will be spent courting investors in Thailand's major cities before the marketing drive hits the international circuit next week with stops in Singapore, Hong Kong, New York and London.

Up to 70% of the shares will go to international investors and the the rest will be plced domestically by Asset Plus, Bua Lung Securities, JP...

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