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Bond scheme to finance losses due to diesel prices to be launched next month.
Sep. 9--The first batch of bonds to finance losses incurred by the oil fund from subsidising diesel prices will be floated next month.
The Energy Fund Administration Institute, a public organisation governed by the Energy Ministry, will issue 22 billion baht in bonds as part of an 85-billion baht bond programme. The bonds are to have maturities of no more than five years.
The second bond issue worth 20 billion baht will be launched next February.
"We are confident that the bond issue will be attractive to investors as it will be guaranteed by the Finance Ministry," said Siwanan Na Nakorn, the director of the institute.
The bonds in the ...
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