Three short listed for Thai sovereign mandate

The Kingom of Thailand''s new bond deal has bankers salivating but investors remain unenthused.

If there is one deal that has kept the traditional August boredom at bay, it is the Kingdom of Thailand's global bond, which is expected to launch in October. According to a Hong Kong based US fund manager, lots of bankers have been salivating over this mandate. But some investors are less excited about the return of this sovereign issuer to the global bond market.

The investment banks short-listed for the mandate are thought to include Deutsche Bank, JP Morgan and Salomon Smith Barney. All three made presentations to Thailand's debt office last Thursday. The expectation is that there will be a development this week, said a banker from one of the short-listed banks....

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