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Bangkok Post
Bangkok Post
Business
WICHIT CHANTANUSORNSIRI

Further B3bn in savings bonds ahead

The Finance Ministry will offer an additional 3 billion baht in savings bonds to serve public demand after selling 15 billion in one month.

The subscription period for the new batch of savings bonds is Jan 15 to March 30, 2018, Prapas Kong-ied, director-general of the Public Debt Management Office, said in a release.

The maturity period and coupon rates will be the same as for the sold-out lot, he said.

The savings bonds will go out in three- and seven-year maturities. The three-year bonds will carry a coupon rate of 1.85% and the longer-dated notes a 2.45% rate.

Thai citizens who reside in the country are eligible to subscribe to the 3 billion baht in savings bonds, with a maximum subscription of 2 million baht for each selling agent.

Interested parties can buy the savings bonds at Bangkok Bank, Krungthai Bank, Kasikornbank and Siam Commercial Bank branches, ATMs and internet channels.

The Finance Ministry issued the first batch of 15 billion baht in savings bonds for fiscal 2018 on Nov 27, 2017.

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