Anti-virus B50bn govt savings bonds sold out in a week

Anti-virus B50bn govt savings bonds sold out in a week

The government has sold 50 billion baht of savings bonds in a week as it seeks to finance steps to mitigate the fallout of the coronavirus outbreak, the finance ministry said on Thursday.

The so-called "Thailand stays strong" bonds, offered on May 14, have 5- and 10-year maturities, with an average stepped coupon of 2.4% and 3.0% per year, respectively.

The bonds are part of a government plan to borrow 1 trillion baht for economic measures to combat the outbreak.

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