The Finance Ministry and the Securities and Exchange Commission (SEC) are amending regulations to make it easier for Thai firms’ subsidiaries and joint ventures that invest abroad to issue baht-denominated debentures. The move is aimed at pushing the local bond market to become a funding hub in the region.
Tada Phutthitada says how the regulations will be amended is still unclear.
Ariya Tiranaprakit, executive vice-president of the Thai Bond Market Association (TBMA), said several Thai companies have broadened their business into neighbouring countries and some of their projects are capital-intensive, such as renewable energy and hydroelectric power plants.
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