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)

'So scared': Fear of aftershocks in debris-strewn Turkey

DIYARBAKIR, Turkey: Tulin Akkaya had just started to gather her thoughts after being woken by the biggest earthquake to strike Turkey in nearly a century when a second massive jolt sent her scrambling for safety on the street.

6 Feb 2023

TikTok tale twist

A Chinese tourist's TikTok video shows a Phuket travel agent's knife attack, but the female agent says it was self-defence.

6 Feb 2023

110 immigration officers tied to illegal visas for Chinese gangsters

About 110 immigration officers are suspected of involvement in the illegal issuing of visas for Chinese investors in so-called grey businesses, Immigration Bureau commissioner Pol Lt Gen Pakphumpipat Sajjaphan said on Monday.

6 Feb 2023