The Cabinet yesterday approved the Government Housing Bank’s (GHB) plan to issue Bt30.6 billion in debentures with the proceeds to be used for the buy-back of its existing bonds worth Bt18.6 billion which are due for maturity later in the year, government's spokesman Puttipong Punnakanta said.
The remaining Bt12 billion will be used as cash flow and balance the book, he said.
Meanwhile, the Cabinet also allowed the Government Pawnshop to borrow Bt500 million as business cashflow to meet the demand of low-income people.
The cabinet estimated the number of people using the service to reach 1,339,419 this year, up 38,630 from last year. The Government Pawnshop expects total revenue of Bt795.39 million with Bt357.23 million in net profit this year, he said.