Live Updates > Live Update Details
2026-09-29 17:56:15
[Thailand Plans to Increase Short-Term Financing Facilities to Cope with Global Bond Market Volatility] ⑴ Amidst rising US Treasury yields triggering volatility in global bond markets, Thailand may increase its use of short-term financing facilities to meet government borrowing needs for fiscal year 2027. ⑵ Jindarat, Director General of the Public Debt Management Authority of Thailand, stated on Tuesday that the authority is considering greater use of treasury bills, term loans, and promissory notes. ⑶ She noted that the agency is assessing investor demand across different maturities, and newly issued debt may adopt shorter maturities. ⑷ Jindarat stated that this presents a challenge for the authority due to significant global market volatility. The authority may initially raise new funds and refinance its debt through short-term facilities, converting the borrowings into long-term securities when market conditions become more favorable. ⑸ Furthermore, financing for state-owned enterprise projects and related plans under emergency decrees may initially utilize term loans or promissory notes to better match project implementation cycles. ⑹ Overall, this strategy reflects issuers' aversion to duration risk in a highly volatile environment. Market sentiment may focus on changes in financing costs in emerging markets, with subsequent attention focused on global interest rate trends and the pace of Thailand's debt management.
