Thailand’s Public Debt Management Office (PDMO) is likely to issue global bonds worth 760 billion baht during 2013–14. The proceeds will be used to develop high speed rail and water management projects in the country. The total amount raised will be allocated in the following ways: water management projects (9 billion baht); infrastructure development (137 billion baht); financing the fiscal budget (250 billion baht); and refinancing maturing bonds (361 billion baht).