Bt20bn PN bidding for rice money fails

THURSDAY, FEBRUARY 27, 2014
Bt20bn PN bidding for rice money fails

THE FINANCE Ministry's auction for promissory notes worth Bt20 billion held Thursday failed again as none of bidders showed up, resulted into the second failure of the caretaker government in an attempt to seek funds to pay farmers, who have not been yet

The Bt20-billion P/N was part of the total Bt80 billion as planned previously. 
Several state enterprises are reluctant to take part into the auction. They are Metropolitan Waterworks Authorities, Electricity Generating Authority of Thailand, Airports of Thailand Plc, PTT Plc, and TOT. The main reason is an unclear law on this matter.
The Nation