Investors hungry for more details of new government’s borrowing plans
The baht fell to a 10-month low beyond 36 to the US dollar, while the Stock Exchange of Thailand slipped closer to 1,500 points on Wednesday on continued fund outflows as investor concerns grew about expected massive bond issuance to fund government stimulus policies, according to analysts.
Prakit Siriwattanaket, managing director of Merchant Partners Asset Management, said the market predicts the government will have to borrow a huge sum of money via bond issuance next year to finance its ambitious programmes.
“The chance the SET Index slipping below 1,500 points is high and trading is likely to…
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