Thailand mandates four banks for inflation-linked bond

Thailand's finance ministry mandates HSBC, Kasikornbank, KrungThai Bank and Siam Commercial Bank for the kingdom's first inflation-linked bond.
Could linkers replace gold as an inflation hedge?
Could linkers replace gold as an inflation hedge?

Thailand’s finance ministry has mandated four banks HSBC, Kasikornbank, KrungThai Bank and Siam Commercial Bank to arrange the kingdom’s first inflation-linked bond. Thailand plans to raise between Bt20 billion and Bt40 billion $665 million to $1.3 billion from the bond issue and it will offer a tenor of up to 10 years. The deal is expected to be offered to both domestic and foreign investors and the coupon is expected to be tied to the consumer price index CPI.

A number of foreign banks are also said to have pitched for the deal, including Deutsche Bank, Standard Chartered and Royal Bank of Scotland.

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