Tuesday, November 12, 2019

First govt bond auctioned through e-bidding

Jun 26. 2019
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By The Nation

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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.

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