Govt raising money for BAAC environmental loan projects with Bt6 billion bonds
The government is issuing Bt6 billion in public bonds to raise money for the Bank of Agriculture and Agricultural Cooperatives' (BAAC) environment-related loan projects, the Public Debt Management Office (PDMO) said.
PDMO director-general Patricia Mongkhonvanit said the BAAC Bonds for Environment Conservation will be issued under two categories.
“Bt4.5 billion worth of bonds will have a five-year lifespan at Bt1.76 per cent interest per year, while another Bt1.5 billion worth of bonds will have a 10-year lifespan, with interest of 2.76 per cent per year,” she said.
“Selling will be limited to ten types of preferential public [PP10] via three authorised sellers – Krung Thai Bank, Government Savings Bank, and Hong Kong and Shanghai Banking Corporation Limited,” Patricia said.
“The bonds have received positive response from investors, including government agencies, banks and life insurance companies. BAAC will use the money to finance loans related to the conservation of natural resources, the environment and forest restoration nationwide,” she said.
“The Finance Ministry is also planning to support state enterprises that wish to issue bonds to promote environmental conservation, social activity and other sustainable development projects,” she added. “For more details of state enterprise bonds, visit the PDMO website at: www.pdmo.go.th”.