摘要：The private non-bank external debt as-end March 2005 recorded an outstanding
amount of US$22.6 billion, a substantial decline from as-end December 2004 by US$2.1
billion or 8.7 percent. Such decrease was evidenced upon both short-term and long-term
debt components, and mainly due to (1) debt outstanding of major private company
swapped to its local parent (state enterprise) by US$1.3 billion (2) exchange rate valuation
changes by US$0.2 billion (3) net debt repayments (both Baht and foreign currency) from
commercial bank.s report by US$0.3 billion (4) debt restructuring processes by US$0.1
billion. Meanwhile, new borrowings without corresponding foreign currency inflow (i.e.
transfer for import payment or investment abroad) caused the external debt to rise by
US$0.1 billion.
During 2000-2004, private non-bank external debt constantly declined every year
(except 2004), especially upon foreign loans and debt securities categories whereas Baht
denominated debt increased steadily as the enterprises incurred more Baht currency debt.
