Farm sector drives BAAC bond growth | Bangkok Post: business

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Farm sector drives BAAC bond growth

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Bonds issued by the Bank for Agriculture and Agricultural Cooperatives (BAAC) have reached a record 122 billion baht this year, more than half the combined 190 billion baht issued by all state enterprises. 

Bond supply from state enterprises has significantly increased from last year, driven partly by crop pledging schemes, said Ariya Tiranaprakij, an executive vice-president of the Thai Bond Market Association (TBMA).

Bonds issued by state enterprises total about 40 billion baht annually on average.

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