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Thai govt to sell 20b baht of debt to fund rice subsidy

Published Mon, Sep 15, 2014 · 04:09 AM
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[BANGKOK] Thailand's caretaker government plans to sell up to 20 billion baht (S$777.4 million) of short-term debt this week to help fund a controversial rice-buying scheme.

The Finance Ministry's Public Debt Management Office (PDMO) will auction eight-month, state-backed paper today, according to a letter sent by the PDMO inviting the Metropolitan Waterworks Authority to bid.

PDMO officials were not available for comment.

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