Thailand will sell as much as 30 billion baht (US$950.87 million) of green bonds in August to finance government measures to combat fallout from the coronavirus crisis, according to local English language daily Bangkok Post, quoting a senior finance official.
The 15-year bonds will be sold to institutional investors, with book building to start on August 13, Patricia Mongkhonvanit, director-general of the finance ministry’s public debt management office, says in the July 27 report.
She says 20 billion baht will be used to fund coronavirus-related measures, and 10 billion baht will be for the Mass Rapid Transit Authority of Thailand (MRTA).
She didn’t give a reason for the MRTA funding, but the government last month announced a 1.3 trillion baht plan to build at least ten transport mega projects, including a high-speed rail and extension of existing lines.
In the wake of the coronavirus crisis, Thailand’s parliament in May approved a 1.9 trillion baht economic support package for public health work and relief measures, rebuilding the economy and job creation, and soft loans to businesses.
Spokespersons for the finance ministry did not immediately respond to questions from Asia Asset Management.