Financial Times FT.com

Laos launches first ever international bond

By David Oakley, Capital Markets Correspondent

Published: May 19 2009 10:13 | Last updated: May 19 2009 10:13

Laos, south-east Asia’s smallest economy, is to launch the country’s first ever international bond in a sign of rising investor confidence and risk appetite.

The communist-run country is looking to global investors to help pay for new infrastructure projects and create jobs for its small population of 7m. Laos is planning to raise 2.5bn Thai baht ($72.5m).

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