Thai Exim puts baht to the test

Government-owned Export-Import Bank of Thailand has launched a two-tranche Bt5 billion offering that will test the strength of the local currency bond market.

Jackie Horne

June 07, 2000

Book building began today for a landmark domestic currency transaction by the Export-Import Bank of Thailand (Thai Exim). The government-owned bank's Bt5 billion ($128.3 million) two tranche offering is a highly symbolic example of the difficulties faced by the international bond markets in trying to attract quality Asian issuers.

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