With stability returning to Thailand following recent political unrest, Petroleum Authority of Thailand (PTT) and the Ministry of Energy last week awarded the mandate for their joint CMBS to a group comprising Bangkok Bank, Standard Chartered Bank and Thai Military Bank.

The winning consortium beat off the bid from Deutsche Bank, Kasikornbank and Siam Commercial Bank to arrange the THB8 billion ($217.9 million) transaction; set for launch in the second half of 2007.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.