The Public Debt Management Office at the Finance Ministry will offer 60 billion baht in government savings bonds for public subscription, starting on December 7th.
Deputy government spokesperson Rachada Dhnadirek said that the “Sukjai Hai Om” (Happy Saver) bonds will be available with a 3-year maturity period, which carry a fixed interest rate of 3% per annum payable every three months,and with a 7-year maturity period, which carry a 3% interest rate, also payable every three months.
The public can subscribe through either the “Sor Bor Mor Wallet” app, where 15 billion baht in bonds are available, orthrough Krung Thai, Bangkok, Kasikorn and Siam Commercial banks. The total amount of bonds available through the banks are worth 45 billion baht.
Those interested can download the “Pao Tang” app and transfer money into the “Sor Bor Mor Wallet” via the mobile banking system or via their Krung Thai Bank accounts.
Subscription is open to everyone over 15 years old and the amount of investment ranges from 100 to 20 million baht.
The first phase of subscriptions through the four banks is on December 13th and 14th. The minimum investment is 1,000 baht. 40 billion baht in bonds are available.
The remaining 5 billion baht in bonds, with a 10-year maturity period, will be available to non-profit legal entities on a first come, first served basis on December 19th and 20th. The bonds carry a 2.9% fixed interest rate, payable every six months. Minimum investment is 1,000 baht with no upper limit within the total available.
Thailand’s public debt at the end of September stood at 10.37 trillion baht, accounting for 60.41% of GDP. The ceiling is 70% of GDP.
Source: Thai PBS World