* Deal pushes Thai IPO volumes to highest in 18 years
* Thai index leads Asia-Pacific, up 26 pct in 2012
(Adds Thai IPO volumes, market performance)
HONG KONG Nov 12 Ananda Development, a Thai
real estate developer focusing on housing near Bangkok's subway
system, launched an up to $213 million initial public offering
on Monday, capping the busiest year for IPOs in the country in
18 years as investors flock to Southeast Asia listings.
The boom in new listings in Thailand, Malaysia and
Philippines has helped investment banks weather a plunge in
larger Asia-Pacific markets including Hong Kong, China and
For Thailand, 2012 has been a banner year, with the
benchmark stock index up nearly 26 percent, marking the
best performance of any major market in the region.
Companies including Tesco Plc's local unit have
raised about $1.37 billion in IPOs in Thailand so far in 2012,
according to Thomson Reuters data. The Ananda Development deal
would push new issuance volume to the highest in the country
since the $2.64 billion raised in 1994.
Ananda Development is offering 1.33 billion shares at an
indicative range of 4.2 to 4.9 baht each, putting the total deal
at up to 6.52 billion baht ($213 million), according to a term
sheet of the deal seen by Reuters.
Ananda Development plans to use the funds on new building
projects, to pay down debt, and for working capital, according
to the term sheet.
Barclays was hired as the sole global coordinator
on the deal, with CIMB, Bualuang Securities and KT
ZMICO Securities also acting as joint bookrunners.
($1 = 30.6400 Thai baht)
(Reporting by Elzio Barreto; Editing by Chris Gallagher)