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Thai govt to sell bonds to pay rice farmers: Finance minister

Published on Feb 21, 2014 3:13 PM
 
Thai rice farmers wait on farm trucks and tractors on a highway road in Ayutthaya province before they head to protest at Suvarnabhumi airport on Friday, Feb 21, 2014. Thailand's government plans to sell bonds to retail investors to pay rice farmers who have been waiting months for payment for crops sold to the state, the finance minister said on Friday. -- PHOTO: AFP

BANGKOK (REUTERS) - Thailand's government plans to sell bonds to retail investors to pay rice farmers who have been waiting months for payment for crops sold to the state, the finance minister said on Friday.

However, Kittirat Na Ranong told reporters it would take 7-8 weeks for the sale to start.

"The government plans to sell bonds to pay for the rice-buying scheme ... and this should not bring any legal problem," he told reporters.

He added that there were many retail investors wanting to buy the bonds and said he had never asked state enterprises to take up government bonds. He gave no further detail.

 
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