Economics
Thailand Says Rising Yields No Bar to $32 Billion Borrowing Plan
- Debt office says it has many tools to raise funds for stimulus
- Concern about baht strength possible obstacle to foreign bonds
Hand sanitizer sits on a check-in table at Bangsaen Beach in Chonburi, Thailand, on June 14.
Photographer: Andre Malerba/BloombergThis article is for subscribers only.
Thailand expects to accelerate the pace of borrowing for a 1-trillion-baht ($32-billion) stimulus program and isn’t concerned by a recent steepening in the sovereign-debt yield curve.
“It’s not that worrisome yet,” Patricia Mongkhonvanit, the director general of the Finance Ministry’s Public Debt Management Office, said in an interview in Bangkok on Wednesday. “We’re very careful on our offerings, as we don’t want to shock the market. We have so many tools to use.”