Thai bonds set for boost from guarantee cut

April 13, 2015 2:21 AM

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SINGAPORE, April 13 (IFR) - Thailand's bond markets are expected to receive a boost in the next half, when investors redeploy funds sitting in guaranteed deposits after the government scales back an insurance scheme implemented after the credit crisis.

Thailand is scheduled this year to amend a 2008 deposit insurance scheme to provide a government guarantee for a maximum deposit amount of Bt50m (US$1.5m). The figure is to be halved this August before falling sharply to Bt1m in the same month next year.

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