AGRICULTURE
With rice scheme, BAAC a bond giant
- Published: 20 Dec 2012 at 00.00
- Newspaper section: Business
The state-owned Bank for Agriculture and Agricultural Cooperatives (BAAC) has issued more than 300 billion baht worth of bonds this year, a record amount.
Its notes make up most bonds issued by state enterprises this year.Proceeds from the bonds, 50% more than last year's value, are needed to support the rice-pledging scheme.
BAAC bonds, with maturities from 3-5 years, offer competitive returns plus a Finance Ministry guarantee.
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