B60bn savings-bond issue planned

B60bn savings-bond issue planned

Three-, seven-, and 10-year issues to offer coupon rates between 2.3% and 3.0%

(Bangkok Post File Photo)
(Bangkok Post File Photo)

The Finance Ministry plans to sell 60 billion baht worth of government savings bonds next month to help finance the budget deficit, the Finance Ministry said on Thursday.

The bonds will be offered to the public between Dec 7 and 20, with a three-year issue offering a coupon of 2.3% and the seven-year issue offering 3.0% per year, said Patricia Mongkhonvanit, head of the ministry’s Public Debt Management Office.

As well, 5 billion baht worth of 10-year bonds will carry a coupon of 2.9%, she added.

The government also plans to sell another 70 billion worth of savings bonds in the second quarter of 2023, Ms Patricia added.

The ratio of the country’s public debt to gross domestic product (GDP) is expected to be below 60.43% at the end of the current fiscal year ending on Sept 2023, she added. 


Do you like the content of this article?
COMMENT (4)

Quake death toll passes 5,000 in Turkey and Syria

HATAY, Turkey: Rescuers in Turkey and Syria braved frigid weather, aftershocks and collapsing buildings Tuesday, as they dug for survivors buried by an earthquake that killed more than 5,000 people.

17:45

Suriya, Somsak to remain with PPRP

Industry Minister Suriya Juangroongruangkit has confirmed he and Justice Minister Somsak Thepsuthin, both key members of the Sam Mitr faction, will remain with the Palang Pracharath Party (PPRP).

17:42

BoT to help shield debtors from rate shock

The Bank of Thailand will support vulnerable debtors to help them deal with the impact of rising interest rates, a deputy governor said on Tuesday.

16:58