Burma ponders selling debt bonds

Thailand’s Securities and Exchange Commission (SEC) has said that Burma is considering selling part of its debt in baht-denominated bonds, according to Bloomberg News. The move would encourage foreign investment into the country at a time when Burma is looking to raise revenue for infrastructure development. SEC secretary general is cited saying, “Most investors are scrambling for an investment opportunity in Myanmar [Burma],” and that the sale of the sovereign bonds would represent an “attractive investment alternatives for Thai and international investors.”