The government plans to borrow up to 15-20% of the money in dollars required for its 2-trillion-baht worth of infrastructure projects, says Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong.
Liquidity in the local financial market is ample to finance the entire project, but the government is poised to issue dollar-denominated bonds. The aim is to set the benchmark Thai government bonds in overseas markets, he said yesterday during a meeting with government agencies and state enterprises to encourage them to speed up budget disbursement.
The pricing and coupon rate of the planned bonds will reflect foreign investors' view of the country's financial position.
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