Thai Oil burns bright amid slim China pickings
Investors warm to state-run company's first dollar- denominated offering
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Singapore
THE debt of a state-run oil company faced with falling prices and a sluggish economy since a military coup may not sound appealing.
Yet investors are showing interest as Thai Oil Pcl meets potential buyers before what may be the nation's first dollar-denominated note in more than a year, offering respite from a deluge of Chinese bonds now reeling amid a stock-market collapse and landmark defaults. A sale would end the longest drought for Thai offshore debt since a 21-month spell through February 2010.
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