Photo via Thai Embassy.
The director-general of the Public Debt Management Office (PDMO) yesterday asserted that the planned issuance of government bonds in fiscal next year will be proportionate and appropriate. The limit for bond issuance for the said fiscal year has been expanded by approximately 160 billion baht.
Patricia Mongkhonvanit revealed the increase is intended to counterbalance the budget deficit for fiscal next year and foster the growth of the domestic bond market.
“The issuance of government bonds has not been excessive, which would lead to oversupply in the market. We believe issuance is at an appropriate level and we are confident the market can support it.”
While discussing the high yield of 10-year government bonds, she pointed out that it was influenced by numerous factors. These include policy rate increases overseas, a rise in…
