Thailand mandates four banks for inflation-linked bond

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).