Thai Bank of Ayudhya sets $617 mln bond coupons
BANGKOK, May 16 (Reuters) - Thailand's Bank of Ayudhya BAY.BK, 35 percent owned by a unit of General Electric (GE.N: Quote, Profile, Research), has priced coupons for a bond issue of 20 billion baht ($617 million), two fund managers said on Friday.
Thailand's fifth largest bank will offer two-year bonds with a coupon rate of 4.25 percent, the fund managers close to the deal told Reuters.
A three-year issue will carry a coupon of 4.50 percent, they said.
The bank's last 20-billion-baht bond issue in February had a coupon of 3.85 percent for 2-year bonds and a 4.00 percent coupon for 3-year bonds.
Benchmark two-year government bonds yielded 3.80 percent in the secondary market on Friday, three-year bonds yielded 3.95 percent. ($1=32.45 Baht) (Reporting by Arada Therdthammakun; Editing by Darren Schuettler)
© Thomson Reuters 2009 All rights reserved
One Year Later
Mumbai held tearful memorials and police staged a show of strength as it marked the first anniversary of militant raids that killed 166 people and ratcheted up tensions with Pakistan. Slideshow | Full Coverage
Liberhan Commission Report
The government published a long awaited report, recently leaked, accusing BJP leaders of a role in the 1992 destruction of the Babri mosque in Ayodhya. Full Article
