Saving bond issuance not to affect domestic rate : BOT

Bank of Thailand said on Monday that recent issuance of its saving bond will not affect the market rate as the central bank has already "neutralised" the liquidity in the market via other channel. Though the BOT did not elaborate which channel it had neutralised liquidity.

Pongpen Ruengvirayudh, senior director of the BOT, said after the issuance of Bt89.9 billion of saving bonds, the central bank would not issue additional saving this year. However, it may consider issue more bonds next year.

The central bank said the issuance has been successful as most of subscribers or 71 per cent was retail investors who subscribed Bt1 million or less each. Of the total Bt89.9 billion, 82 per cent was individuals. 80 per cent of bonds were sold in central region of Thailand, while 91 per cent of the issuance was sold via Bangkok Bank, Krung Thai Bank, and Siam Commercial Bank. - The Nation

Anoma Srisukkasem

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Saving bond issuance not to affect domestic rate : BOT

Bank of Thailand said on Monday that recent issuance of its saving bond will not affect the market rate as the central bank has already "neutralised" the liquidity in the market via other channel. Though the BOT did not elaborate which channel it had neutralised liquidity.

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