PDMO plans $1.5bn issue for projects | Bangkok Post: business

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PDMO plans $1.5bn issue for projects

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The Public Debt Management Office (PDMO) aims to issue global bonds worth $1.1 billion to $1.5 billion over fiscal 2014 to help finance high-speed rail and water management projects. 

But the issue's timing will hinge on when investment gets underway in the government's 2-trillion-baht infrastructure and 350-billion-baht water management projects, PDMO director-general Churarat Sutheethorn said yesterday.

Issuing Thai government bonds abroad is essential to widen funding channels and set a reference rate for local companies seeking to raise funds overseas, she added.

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