FRIDAY, March 29, 2024
nationthailand

Govt savings bond issuance with no maximum cap

Govt savings bond issuance with no maximum cap

Government savings bonds with no maximum will be available in April, said the Finance Ministry.

The Public Debt Management Office on Thursday invited retail investors to subscribe to the bonds.
The three-year-maturity bond has a coupon rate of 2 per cent annually while the seven-year-maturity bond offers 2.56 per cent.
The 4.96-billion bond batch is available at Bangkok Bank, KTB, Kasikorn and Siam Commercial Bank from April 10-21.
The minimum investment is Bt1,000.
The bond issuance is part of a Bt15 billion batch put on sale since late last year by the government as it wants funds to finance budget deficits. 
The Finance Ministry said it was an alternative investment for savers who wanted higher returns than bank deposit rates
Currently, investors can buy saving bonds but they are capped at Bt2 million from each of the four bank or a Bt8 million total.

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