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Baron point's investors on right track

Article - June 17, 2013
Prime Minister Yingluck Shinawatra's political touches are finally bringing together all the necessary approvals for a grand rail project that has been discussed for years as part of a push to boost connectivity at the strategic heart of Southeast Asia.
BARON POINT TRACKS INITATIVES SUCH AS THE ‘RAILROAD REVOLUTION’ TO ENSURE HIGHER YIELDS FROM ITS BONDS
The government has unveiled a $66bn (£42.5bn) infrastructure development plan, focused primarily on improving road and rail networks within the country, and ultimately with its rapidly developing Asian neighbours and even China, which is keen to increase its investment and connections in Thailand. 
 
Work has already begun on 10 new urban rail lines and four high-speed rail corridors are planned to connect Bangkok with provincial capitals. Mrs Shinawatra insists the ‘Railroad Revolution’ will increase Thailand’s competiveness and contribute to the nation’s development. It will create 500,000 jobs and boost GDP by as much as 7 per cent over its seven-year timeframe. Greater connectivity will also have a huge impact on logistics costs, which currently make up 15.2 per cent of GDP and are expected to drop to 13.2 per cent, making the country more competitive with Singapore, where logistics costs are 9 per cent, and Malaysia, at 13 per cent.
 
The implications of such moves for greater trade and economic activity have not gone unnoticed by international investors. Foreign holdings of Thai bonds hit an all time high at the end of 2012, according to the Thai Bond Market Association. In 2012, net foreign holdings of Thai government and corporate bonds rose by $10 billion to a record $24 billion, representing 8.3 per cent of the total fixed income market size of over $280 billion, which was up from 5.9 per cent at the end of 2011. 
 
Foreign interest in Thai bonds is to rise even further this year, typifying investor confidence in the Thai economy, the second largest and fastest growing in Southeast Asia. “The credit markets in Thailand are exceedingly liquid and growing fast to support the region. I believe strongly that healthy and deep debt capital markets are a key ingredient to growth in the Southeast Asian region as it continues to grow and mature, and that Thailand will play a pivotal role in supporting this expansion,” says Bunditbhan Bhandhukravi, Founder and Director of Baron Point Financial, a New York and Bangkok-based specialist investment advisory team that averages more than 26 years in alternative investments, structured finance, fixed income and investment banking.  
 
“Baron Point is the first ever company to issue globally registered and traded Thai corporate bonds in the international market,” adds Baron Point Director James Philip Coppola III, a renowned risk management and investment expert. Morningstar has ranked his long-term investment track record in the top 25 per cent for over a decade. 
 
Mentored by Ed Seykota, Mr Coppola is also credited for the invention of the portfolio accounting and risk-based management system in the US. Baron Point can offer potential investors investment-grade debt producing real positive fixed yields higher than Thai government bonds. The Baron Bonds are rated one notch higher than sovereign debt and the Baron Bonds are developed by a team of Wall Street professionals in partnership with global banks and local partners with deep business and government relationships. 

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