Ministry lines up PNs worth B70bn to buffer viral impact
The Finance Ministry will issue promissory notes (PN) worth 70 billion baht as the first batch of borrowing under the 1-trillion-baht royal decree to soften blow from the Covid-19 spread and the government’s containment measures.
“Initially the Public Debt Management Office plans to offer 70 billion baht worth of PNs with maturity of four years based on Bangkok Interbank Offered Rate (Bibor), which now stands at 0.97%. We will allow commercial banks to make bidding on April 28,” said Patricia Mongkhonvanit, director-general.
Wichit Chantanusornsiri
