Yoma executes Mynamar's debut offshore bond

The Singapore-listed company sets a new landmark for Myanmar as Thailand underpins its position as a regional financing centre for CLMV countries in the Greater Mekong Delta.
Singapore-listed Yoma Strategic Holdings set a new landmark for Asian bond markets on Friday after completing the first-ever offshore bond deal by a credit from Myanmar. 
 
The Bt2.22 billion $70 million five-year transaction also marks another important milestone for Thailand cementing the country’s status as a regional financing centre for its CLMV Cambodia, Laos, Myanmar, Vietnam neighbours. 
 
However, unlike recent Thai-baht denominated bond deals from Laos, the transaction did not represent pure Myanmar credit. 
 
This would have been prohibitively expensive thanks to the enduring fallout from the 201617...
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