First govt bond auctioned through e-bidding
The Ministry of Finance on Monday auctioned off an Electricity Generating Authority of Thailand (EGAT) bond with a non-government guarantee, using an electronic bidding platform for the first time.
The bond, EGAT303A, was issued in the amount of Bt4 billion at coupon rate of 3 per cent per year.
The issuance was fully subscribed and had a weighted average yield of 2.6763 per cent per year.
The ministry is considering more e-biddings this year, on a five-year bond not exceeding Bt4 billion in August and on a 10-year bond of the same amount in September.
The ministry welcomes investors to participate in the auctions. Issuance schedule details will be available via www.pdmo.go.th.