Bangkok--9 Jan--Finance General Information Group
Mr. Pongpanu Svetarundra, Director — General Public Debt Management Office, has announced that according to the Ministry of Finance press release no. 84/2008 dated 13 November 2008, the Minister of Finance approved the amendment of the application period and guidelines to evaluate the applications to issue Baht-denominated bonds or debentures in Thailand to enhance the efficiency and increase flexibility of the approval process. Submission period shall take place four times a year, during the month of February, May, August, and November.
After having carefully considered the applications by using various criteria such as global and Thailand financial situation, credit rating, and liquidity in domestic financial market and supply of public and private sector bonds, the Minister of Finance has permitted 6 foreign entities to issue Baht-denominated bonds or debentures in Thailand within June 30, 2009 with the issue amount of 4,000 million Baht each or 24,000 million Baht in total. The list of the permitted entities is as follows:
1. Agence Francaise de Developpement (AFD)
2. International Bank for Reconstruction and Development (IBRD)
3. International Finance Corporation (IFC)
4. Kommunalbanken Norway (KBN)
5. Nordic Investment Bank (NIB)
6. Swedish Export Credit Corporation (SEK)
The Ministry of Finance would like to take this opportunity to express our sincere appreciation to all applicants for their interest to issue Baht-denominated bonds in Thai bond market. The applicant who does not receive the approval and wish to apply for the next submission period can send a renewal letter to the Ministry of Finance in February 2009.