Lao government allowed to issue Bt7 billion bonds
The Finance Ministry has given its Lao counterpart the green light to issue baht-denominated bonds worth Bt7 billion to refinance its debt, Suwit Rojanavanich, director- general of the Public Debt Management Office said.
The period of fund raising is between May 1, 2017 to January 31, 2018.
Laos if the first foreign entity to be allowed to raise funds via baht-denominated bonds this year.
The Finance Ministry recently changed its policy on fund raising here by allowing only a few foreign governments and investors to issue baht bonds, as it wants to preserve liquidity for reinvesting in the domestic market.
The Lao government gets most favourable treatment as Thailand purchases electricity from Lao.
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