Foreign entities that win Finance Ministry approval must issue the baht bonds with a maturity of up to three years between Nov 1, 2017 and March 31, 2018, the Public Debt Management Office (PDMO) said in a release. The issuers will be allowed to use the proceeds only in domestic transactions in baht terms and for onshore spot exchange. The ministry will open applications for foreign entities to offer baht-denominated bonds three times a year: in March, July and November. The baht is among the top-performing currencies in Asia, up 7.7% year-to-date, according to Bloomberg data. In related news, the PDMO said the Finance Ministry has approved the issuance of baht-denominated bonds by the Lao government and Nam Ngum 2 Power Co.

Source: Bangkok Post September 08, 2017 21:00 UTC