Khun Sommai discusses Thailand in 2002

Khun Sommai Phasee, Thailand''s deputy permanent secretary at the Ministry of Finance, talks to FinanceAsia about the Kingdom''s plans for the debt and equity issuance during 2002.

FinanceAsia You have just completed a Samurai issue. Can you tell us a little about it and how it fits into your overall issuance plans

Sommai This is the first time that Thailand has gone to the Samurai market since the financial crisis and the deal will be a benchmark for the Kingdom and for Thai corporates. We are now in a new fiscal year, as our fiscal year starts in October. The governmental budget has already been approved and we have a fixed deficit of almost 20% for 2002. This deficit will be financed from the domestic market, as will money needed for the SOE's.

What are your plans for international...

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