In a bid to maintain financial stability and ensure effective monetary policy implementation, the Bank of Thailand conducts Open Market Operations (OMOs) to keep short-term interest rate in the money market in line with the policy interest rate set by the Monetary Policy Committee. The OMOs is the most actively used Monetary Policy Instruments by the BOT.
The Bank of Thailand Bond Issuance is one of the OMOs’ tools to enhance the BOT’s flexibility and efficiency in money market liquidity management.
The BOT supervises and manages the auction of government debt securities in the primary market while it also acts as a registrar and paying agent for both interest and principle of the debt instruments. The BOT has developed the Bangkok Interbank Offered Rate (BIBOR) and the Private Bilateral Repo to widen and deepen the country’s money market. The BOT has also joined hands with the Ministry of Finance and other relevant agencies on debt market development initiatives such as the development of government debt issuance in the primary market, improvement of liquidity and efficiency in the secondary market, and development of settlement infrastructure for debt securities market.
Most of the government’s debt securities are sold to financial institutions through Debt Securities Auction at predetermined Auction Schedule. To grant opportunities for the general public to invest in low-risk government debt securities when deposit rates were excessively low, savings bonds have been opened for public subscription at times. These bonds include the Ministry of Finance’s Savings Bonds and The Bank of Thailand’s Savings Bonds.
As the registrar of government debt securities, the BOT provides Debt Securities Services to facilitate transactions and certain paper works involving general investors. Among services provided are those concerning Change of ownership, Pledge, Pledge Release, Transfer of debt securities placed as collateral with government agencies or government organizations, Release debt securities placed as collateral with government agencies or government organizations, Redemption of debt securities, Change of address, Change of bank account to which coupon interest is sent, Change of name on bond record.
Bond holders can seek Online Debt Securities Information Service or contact the BOT at
- Bond Service Team, the Bank of Thailand
Tel: 0 2283 5391, 0 2283 5478 or e-mail: email@example.com
For further information, please call 1213