Possible 30bio baht issuance by Thai and ABF 2

This show how aggressively Thai MOF is willing to promote the idea of ABF 2 themselves. To consider waiving W/H tax is not considered to be a new effort. To consider cross-listing the bonds in Asian markets seems to be a new idea, although this has been discussed in several occations in the past. Cross-listing also shows the cooperative actions and could be considered as a joint effort to promote the regional bond market in the region with participating markets to play their roles respectively instead of having a single market that could do everyfhing.

>Somkid said the Thai Securities & Exchange Commission will prepare the regulations for the planned issue and for the trading of the bond in the secondary market.

>The SEC will also work with regulators in the region to allow the bond to be cross-listed in Asian markets, he said.

It seems that financing FIDF continues to be an important topic for Thai authorities.

>Somkid didn't indicate whether the planned issue would replace or supplement rough debt plans laid out earlier by the ministry to help the FIDF.

Is this 30bio baht bonds one part of the 75 bio regular bonds?
>Pannee Sathavarodom, director general of the ministry's Public Debt Management Office, told reporters late last month the ministry plans to offer THB70 billion in government savings bonds to the public in July or August, and another THB75 billion in regular government bonds to institutional investors in the domestic market between August and December. Proceeds of both bonds were to go toward the FIDF.