Thai central bank re-financing

The Thai cabinet on Tuesday approved a proposal to re-finance 90 billion baht ($2.02 billion) in debts of a central bank unit set up to bail out and take over troubled financial institutions.

Deputy Finance Minister Varathep Rattanakorn told reporters the refinancing would be split into 30 billion baht planned for December, 50 billion baht for April and 10 billion baht in June.

He did not say how the refinancing would be conducted but the finance ministry has said new bonds would be issued to r

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