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Thai Corporate Bond Market Is Expected to Rebound Due To Refinancing Program.

Bangkok Post (Bangkok, Thailand)

| July 02, 2002 | COPYRIGHT 2002 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Jul. 2--Local financiers and investment bankers say they expect the corporate bond market to see a sharp rebound following the launch of the government's refinancing programme for the Financial Institutions Development Fund.

The government last month authorised the issue of up to 780 billion baht in new bonds to fiscalise losses of the Financial Institutions Development Fund.

Bonds worth about 300 billion baht will be offered directly to individual investors, co-operatives and charities, with terms of five, seven and 10 years, and paying annual interest expected to range from 4 percent to 6 percent .

Subscription to the public bonds will be accepted from July 15 to Aug 30, with a minimum ...

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