Thai Land & Houses plans 3 bln baht bonds

BANGKOK, June 25 (Reuters) - Land & Houses LH.BK (LH), Thailand's biggest developer, said on Wednesday it planned to sell 3 billion baht ($90 million) of 4-year bonds for debt repayment and working capital.

The unsecured bonds, rated "A" by Thailand's TRIS Rating, would be offered to both institutional investors and the public, the company said in a filing with the Securities and Exchange Commission.

It gave no further details, but an official at an underwriter said the bonds were likely to be sold next month.

Four-year government bonds were yielding 5.47 percent at 0236 GMT in the secondary market.

On Tuesday, LH shares closed down 0.7 percent at 7.15 baht, in line with the overall stock market .SETI. ($1=33.49 Baht) (Reporting by Arada Therdthammakun; Editing by Ed Cropley)