Thailand may consider selling yen or dollar-denominated bonds to finance the budget deficit and show investors the country has regained its “economic strength,” Finance Minister Korn Chatikavanij said.
Thailand, which sold yen-denominated debt in 2008, may “do the same this year,” Korn said in an interview today, adding that issuing dollar-denominated bonds may also be “interesting.” The government may spend as much as 5 percent of the nation’s gross domestic product in 2010 to boost the economy, he said.
“We can mostly fund this domestically,” said Korn, who was speaking to Bloomberg Television. “Nevertheless, we haven’t shut the door.” Selling bonds in the international market “would have a potential side benefit of showing the world that Thailand is back where it belongs in terms of its economic strength,” he said.
via Thailand May Consider Issuing Yen, Dollar Bonds, Korn Says – BusinessWeek.
