Thailand will shield its government borrowing plan from surging bond yields by tweaking the mix of short- and longer-term debt instruments it issues, according to the Public Debt Management Office (PDMO).
The country will also adjust the ratio of debt carrying fixed and floating returns to minimise the impact of rising borrowing costs, office director-general Patricia Mongkhonvanit said in an e-mailed response to Bloomberg questions. The nation is set to raise a total of 1.4 trillion baht in the fiscal year that began on Oct 1.
The debt office is set to switch as much as 140 billion baht of short tenor sovereign bonds for those with longer…
