Tourists in Bangkok, Thailand (Photo: AFP/VNA)Bangkok (VNA) – Thailand plans to issue bonds overseas to create a benchmark for the private sector andto draw foreign investors' attention, Thai Deputy Ministerof Finance Julapun Amornvivatsaid on October24.
However, the ministry has yet todecide when the bonds will besold, by how much and in what currency, he said, adding that the Thai government has to look at anappropriate cost and timeline.
"Thereis no problems with domestic liquidity," he said.
He added that issuing bondsoverseas is to test and explore the market and draw more people's attention toThailand.
The government has recently announced sustainability bondsworth 2 billion USD that haveattracted investor interest, he added.
Given higheryields, Julapun said the government's borrowing costs rose to about 3% but arestill not too high. A rise in the 10-year bond yield has been driven by globalfactors, rather than a lack of confidence in the government's policies, he said.
The Bank ofThailand's (BoT) rate hikes lately were not mainly because of inflation but tonarrow the gap between US and Thai rates, which has caused capital outflowsfrom the stock and bond markets, Julapun said./.
