Singapore-listed Yoma Strategic Holdings set a new landmark for Asian bond markets on Friday after completing the first-ever offshore bond deal by a credit from Myanmar.
The Bt2.22 billion $70 million five-year transaction also marks another important milestone for Thailand cementing the country’s status as a regional financing centre for its CLMV Cambodia, Laos, Myanmar, Vietnam neighbours.
However, unlike recent Thai-baht denominated bond deals from Laos, the transaction did not represent pure Myanmar credit.
This would have been prohibitively expensive thanks to the enduring fallout from the 201617...
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