Thailand plans H2 launch for postponed inflation bond

Thailand plans to finally launch its crisis-delayed inflation-linked bond (ILB) programme in the second half of this year, an official in the country's Public Debt Management Office (PDMO) told Risk today. The inaugural auction is expected to raise up to 4 billion baht ($122 million) and will usher in a fuller programme of issuance in 2011, the official added.

A Thai linker programme has been in the offing for some time and bankers were expecting the first bonds to launch late in 2008, but slidi