Banking
China to issue 32 billion yuan ($5.18 billion) T-bonds
The Ministry of Finance said Wednesday it will start selling 32.09 billion yuan ($5.18 billion) of seven-year book-entry treasury bonds on Thursday.
The Ministry of Finance said Wednesday it will start selling 32.09 billion yuan ($5.18 billion) of seven-year book-entry treasury bonds on Thursday.
The bonds, the 10th batch of its kind to be floated this year, carry a fixed interest rate of 3.14 percent and will be sold to the public from June 7-11, the ministry said in a statement posted on its website.
The bonds will become tradable on June 13 through the national inter-bank bond market and over the counter at designated commercial banks.
The ministry said interest will be calculated from the day of purchase and paid annually, with the principal and final interest paid upon maturity on June 7, 2019.
via China to issue 32b yuan in book-entry T-bonds|Markets|chinadaily.com.cn.
Economics
Thailand’s economic growth expected to return to 2019 levels in mid-2023
Although the economy would recover next year, the recovery is still substantially below potential level resulting in a large output loss and could affect Thailand’s potential economic growth in the future with the economy expected to return to 2019 levels in mid-2023.
The Siam Commercial Bank (SCB), one of Thailand’s largest commercial banks, said in its latest economic outlook report that the country’s economy may wait until the second semester of 2023 to return to 2019 growth levels.
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S&P maintains Thailand’s credit rating at BBB+ with stable outlook
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Standard and Poor’s (S&P) maintained Thailand’s credit rating at BBB+ . The global rating firm expects the country’s gross domestic product (GDP) to grow at 1.1% this year, with a more optimistic growth at 3.6% per year from 2022 to 2024.
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