Government bonds worth B40bn readied

The Public Debt Management Office (PDMO) plans to offer government savings bonds worth 40 billion baht next month, according to deputy director-general Jindarat Viriyataveekul.

The first tranche of bonds worth 10 billion baht is available for Thai individual investors on a first come, first served basis during May 10-23. This tranche is available on the “Sasom Bond Mung Kung” (Sor Bor Mor) e-wallet on Krungthai Bank’s Pao Tang mobile app.

The seven-year bonds carry a fixed interest rate of 2.70% per year. The interest is paid every three months. Investors can purchase bonds worth 100 baht up to 20 million baht.

The remaining bonds worth 30 billion baht are available through dealer banks comprising Krungthai Bank, Bangkok Bank, Kasikornbank and Siam Commercial Bank.

This offering is divided into two periods. In the first period, a batch of bonds worth 25 billion…