){kind=link}
Bt80-bn bonds from FIDF
The Financial Institutions Development Fund (FIDF) plans to issue two- and four-year savings bonds worth Bt80 billion this month to refinance a portion of its Bt180 billion of short-term debt in the repurchase market.
Published on November 7, 2007
The bonds will be guaranteed by the government, but will not yield more than 15 per cent over equivalent treasury bonds.
FIDF manager Tongurai Limpiti said yesterday the agency wanted to reserve the bonds for the public rather than institutional investors so that savers, particularly retirees, can have an alternative to commercial bank deposits, whose rates remain low.
The higher yield will partly compensate bondholders for their 15-per-cent tax burden.
A press conference on the Bt80-billion savings bonds will be held on Friday before they go on sale on November 22.
The FIDF will have Bt50 billion of short-term debt left in the repo market that needs to be rolled over, if the savings bonds are all taken. Earlier this year, it sold two lots of bonds totalling Bt50 billion to institutional investors.
Anoma Srisukkasem, The Nation
OTHER BUSINESS
-
Business Act back on track
A National Legislative Assembly (NLA) commission yesterday agreed with the definition of "control.... -
Tesco Lotus backs trees initiative
Tesco Lotus has paid Bt22 million to support the Khao Yai National Park Protection Foundation's project....
{literal}
Top Stories
- Chatu Mongol to help Democrat Party
- CP lands major China farm deal
- Capital control should be scrapped : Chatu Mongol
- Oil Fund fix 'must be short-lived'
- Annual rice exports set to soar
- message to parties:'Focus on private investment'
- Bt64 bn set for new TOT network
- ING wins despite last-gasp surprise
- Ch Karnchang seeking more contracts abroad
- A risky business
Tel 66-2-338-3000(Call Center), 66-2-338-3333, Fax 66-2-338-3334