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.

Do you like the content of this article?

Protest-linked arrests

Two anti-government activists brought to court on Friday evening following their arrest, and at least five more are being sought.


CP buying online auction platform

The Charoen Pokphand Group says it is acquiring the Hong Kong-based e-commerce platform Chilindo for US$18 million (560 million baht), expanding its digital business as consumer behaviour changes.


Worst-case scenario

Tourism Authority of Thailand says foreign arrivals in 2021 could be as low as 15% of 2019 levels under a worst-case scenario featuring a prolonged Covid crisis.