Debt to be repaid while yen is weak
- Published: 20 Feb 2013 at 00.00
- Newspaper section: Business
The Finance Ministry will take advantage of the strong baht to repay public debt in Japanese yen ahead of schedule.
Suwit Rojanavanich of the Public Debt Management Office said the office recently negotiated with the Japanese government and informed it of the PDMO's intention to repay the debt ahead of the due date.
Four state enterprises borrowed the money from Japan, and the payment will comprise part of 32 billion yen borrowed by the State Railway of Thailand, part of 5.5 billion yen borrowed by TOT, part of 13.7 billion borrowed by the Provincial Electricity Authority and the total 4.4 billion yen borrowed by the Metropolitan Electricity Authority.
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