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Global Bodies May Tap Thai Bond Market.
Byline: Wichit Chantanusornsiri
Mar. 8--Multilateral agencies such as the World Bank, International Finance Corp and the Asian Development Bank will be allowed to issue baht-denominated bonds with up to 10-year maturities to finance local activities, the Finance Ministry announced yesterday.
Bonds can be issued for up to 10 billion baht under the new policy, a small amount considering 300 billion baht is raised in the markets each year.
Sommai Phasee, a deputy finance permanent secretary and chairman of a committee overseeing development policies for the bond markets, said allowing multinational agencies would give investors the opportunity to ...
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Source: HighBeam Research, Global Bodies May Tap Thai Bond Market.