Thailand Government Plans to Issue $1 Billion USD Sovereign Bond to Finance Sustainable Projects, USD 10-Year Treasury Note Yield at 4.24%, Thailand Central Bank Rate at 2.5%
16th February 2024 | Hong Kong
Thailand government is planning to issue a $1 billion USD sovereign bond to finance sustainable projects. The current USD 10-Year Treasury Note yield is at 4.24%. The Thailand central bank rate is at 2.5%. Thailand Prime Minister Srettha Thavisin has also announced the launch of a new asset management firm to invest & buy household debt to solve high level of debts in Thailand with many families trapped by illegal loan shark or high interest rate. Thailand household debt of $452 billion represents 90.9% of Thailand GDP (2023 Sept). The new asset management will be setup by the (Thailand) Government Savings Bank. More info below:
“ Thailand Government Plans to Issue $1 Billion USD Sovereign Bond to Finance Sustainable Projects, USD 10-Year Treasury Note Yield at 4.24%, Thailand Central Bank Rate at 2.5% “
Thailand Prime Minister Srettha Thavisin Announced New Asset Management Firm to Invest & Buy Household Debt to Solve High Level of Debts in Thailand with Families Trapped by Illegal Loan Shark or High Interest Rate, Thailand Household Debt of $452 Billion Represents 90.9% of Thailand GDP, New Asset Management Firm to be Setup by Government Savings Bank
16th February 2024 – Thailand Prime Minister Srettha Thavisin has announced the launch of a new asset management firm to invest & buy household debt to solve high level of debts in Thailand with many families trapped by illegal loan shark or high interest rate. Thailand household debt of $452 billion represents 90.9% of Thailand GDP (2023 Sept). The new asset management will be setup by the (Thailand) Government Savings Bank.
The Government Savings Bank was established by H.M. King Vajiravudh, King Rama VI who realized the importance of keeping property safe from thieves. On April 1,1913, King Vajiravudh enacted the Act to establish the Savings Office to provide a secure place to store assets and instill people on how to save money properly.
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