Cabinet to talk on bond issuance adjustment today

BANGKOK, 14 July 2009 (NNT) – The cabinet will discuss the adjustment of the government bond issuance today after the batch of bonds was quickly sold out yesterday.

After receiving a report from Finance Minister Korn Chatikavanij that the government bonds worth 1.5 billion baht were sold out within a short period of time yesterday, Prime Minister Abhisit Vejjajiva stated that the cabinet today would discuss the alteration of the issuance of bonds as they were in enormous demand.

Whether the planned bond amount would be increased beyond 50 billion baht, the Prime Minister said the matter would be concluded in the cabinet meeting today. He pointed out that the Finance Minister would have to carefully deliberate on the bond amount increase to prevent possible impacts on the money markets.

Mr. Abhisit also noted that such a high public interest in purchasing the government bonds had come as a surprise and a signal that the government had made the right decision in issuing the bonds.