The Public Debt Management Office (PDMO) plans to sell new savings bonds totalling 30 billion baht next month, to raise funds for government policies aimed at relieving the economic and social impact of Covid-19.
Projects to be funded through the sales include the procurement of more Covid-19 vaccines and compensation for workers registered under the social security system, said PDMO director-general Patricia Mongkhonvanit.
The three-year bonds will be sold from Jan 17 until Jan 31 through Bangkok Bank, Krungthai Bank, Kasikornbank and Siam Commercial Bank, Ms Patricia said.
The bonds can also be bought through these banks' internet and mobile banking services, she said. The average yield guaranteed for these bonds is 1.9% per year, she said.
The return in the first, second and third years is promised to be 1.6%, 1.8% and 2.3%, respectively, she said. The sale of the bonds will be broken into three periods -- Jan 17-18, Jan 19-23 and Jan 24-31, she added.
In the first two periods, the bonds will be sold to individuals holding Thai citizenship or residing in the kingdom for up to 5 million baht per person, while in the last period the number of bonds sold per buyer will be unlimited, Ms Patricia said.
Each person can buy bonds in all three rounds as the number of bonds they purchase in each round won't be counted altogether.