The government will sell 60 billion baht of government savings bonds next month to help finance stimulus measures to mitigate the impact of the country’s latest coronavirus outbreak, the Finance Ministry said on Monday.
The government last week announced new stimulus worth 210 billion baht to support domestic activity hit by the spread that has infected 9,450 in just over a month.
The bonds will be offered in three maturities, with five- and 10-year bonds giving an average coupon of 2.0% and 2.5% per year, respectively, and 15-year bonds offering a fixed coupon of 1.8%, the ministry said in a statement.
“The bonds should be sold out as they are secure and offer good returns,” Patricia Mongkhonvanit, head of the ministry’s Public Debt…
