ECONOMY
TBMA: Busy bond market seen for 2013
- Published: 17 Jan 2013 at 00.00
- Newspaper section: Business
The Thai bond market should remain active this year on foreign inflows, the government's demand for funds and rising interest rates.
Niwat Kanjanaphoomin, president of the Thai Bond Market Association (TBMA), expects the government to issue 717 billion baht in bonds and state enterprises to issue 242 billion, with corporate bonds totalling 350 billion.
The government plans to raise 959 billion baht this fiscal year, of which 717 billion will come from new bonds to finance the current account deficit, infrastructure megaprojects and the natural catastrophe fund.
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