Sunday, December 08, 2019

Govt to sell Bt5 billion bonds to public as ‘New Year’s gift’

Nov 17. 2019
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By The Nation

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The government is issuing Bt20 bonds for sale to the public as a New Year gift for individuals and seniors in order to support the ageing society through higher returns, the Public Debt Management Office (PDMO) said.

PDMO director-general Patricia Mongkhonvanit said that Bt5 billion worth of bonds will go on sale initially while another Bt15 billion will be government savings bond.

“We’re ensuring that these New Year’s bonds secure high returns to convince more investors and promote a culture of savings,” Patricia said.

She said the government will also raise another Bt5 billion from issue of bonds.

The PDMO will closely monitor the bonds market where the interest has been on a downward trend, Patricia said, adding that the issue of bonds was aimed at motivating Thais to save more as bank savings rates in Thailand were quite low.

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