Thailand paves way for new infrastructure funding

The junta government aims to raise $1.4 billion from an initial public offering of a toll road-backed infrastructure fund, creating a new way to raise capital for infrastructure development.

The government of Thailand on Tuesday kicked off the retail bookbuild to raise as much as Bt44.7 billion ($1.4 billion) by selling part of its concession rights in two major expressways. If successful, it could serve as a template for how to raise capital for infrastructure development.

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