Siam Commercial wins agency bond auctions .
BANGKOK 1996-08-29
A consortium led by Thailand 's Siam Commercial Bank Plc has secured at auction the right to sell two state agency bond issues worth a combined 3.73 billion baht , an official at the bank said on Thursday .
The Government Housing Bank will issue bonds worth three billion baht and the metropolitan Waterworks Authority will issue bonds worth 730 million , an investment banker at Siam Commercial Bank told Reuters .
The consortium , made up of eight financial institutions , offered an annual interest rate of 8.46 percent for both issues , he said .
Both state agency bonds will have seven-year maturity and will be issued on September 5 , he said .
-- Bangkok newsroom ( 662 ) 652-0642