Thai securitisation


In November, the Thai government launched its first securitisation transaction sold through public offering to both retail and institutional investors.

The deal involved the issue of four tranches of AAA-rated bonds by DAD SPV, a special-purpose vehicle of the Treasury Department of the Ministry of Finance of Thailand, who are backed by future rental income from a 30-year lease on a new government office building in Bangkok.

The retail tranches comprised a THB1.5 billion ($37.4 million) seven-

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