Thailand’s Finance Ministry has for the first time issued 50-year government bonds, the ministry’s longest duration maturity ever, with an interest rate of 4.85 per cent, according to Finance Minister Korn Chatikavanij.

Mr Korn said the auctions reached Bt3.5 billion in total, while investors bid for the bonds at a volume as high as Bt6.3 billion, or about 1.8 times more than the budget the ministry is seeking.

Two groups of investors interested in the bidding were institutional buyers, counting about 37 per cent of the amount proposed in the bidding. The other group were life insurance companies, accounting  for around 63 per cent.

The finance minister said the event was successful. This bond issue has made Thailand the world’s fourth country to produce 50-year government bonds, following the United Kingdom, France and China respectively.

According to Mr Korn, the ministry is planning two more auctions of Bt3-4 billion each in the April-June and the July-September quarters. (MCOT online news)

via Finance Ministry issues Thailand’s 1st 50-year government bonds.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Bank of Thailand raises policy rate by 0.25% from 0.75 to 1 Percent

The depreciation of the baht against the US dollar has been rapid and continuous due to the strengthening of the US dollar but is still in line with regional currencies.

China massive first-mover advantage in Central Bank Digital Currencies (CBDCs)

Central Bank Digital Currencies (CBDCs) have the potential to disrupt dollar dominance and transform the mechanics of the global financial system by providing faster and cheaper ways to settle international trade and financial transactions