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Thailand Considers $2.5 Billion Refinancing Package.

Bangkok Post (Bangkok, Thailand)

| February 03, 2003 | COPYRIGHT 2003 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

Byline: Wichit Sirithaveeporn

Feb. 3--The Public Debt Management Office plans to propose a refinancing package of $2.5 billion (106.75 billion baht) this year to reduce debt-servicing costs, director-general Pannee Sathavarodom has said.

She said the timing and details would be structured to avoid any impact on domestic interest rates or liquidity.

For 2002 and 2003, the Finance Ministry had proposed a refinancing programme of $3.7 billion, consisting of $1.2 billion in central government debt and the balance in state enterprise debt.

Last year, the ministry's pre-paid debts totalled $1.16 billion, $264 million in central government ...

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Source: HighBeam Research, Thailand Considers $2.5 Billion Refinancing Package.

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