Thailand to Shield $40 Billion Debt Plan From Yield Surge
- Debt office to tweak ratio of long, short-term securities
- Thailand suspended dollar bond sale plan due to volatility
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Thailand will shield its government borrowing plan from surging bond yields by tweaking the mix of short- and longer-term debt instruments it issues, according to the nation’s Public Debt Management Office.
Southeast Asia’s second-largest economy will also adjust the ratio of debt carrying fixed and floating returns to minimize the impact of rising borrowing costs, Public Debt Management Office Director-General Patricia Mongkhonvanit said in e-mailed response to Bloomberg questions. The nation is set to raise a total of 1.4 trillion baht ($40.3 billion) in the fiscal year that began on Oct. 1.