Thailand to sell 60 billion baht ($1.67 bln) of government bonds

Government savings bonds will be offered for public subscription with maturities ranging from three years, with a fixed interest rate of three percent (3% p.a.) payable every three months, to seven years, with a similar interest rate of three percent (3% p.a.) payable every three months.

The total amount of bonds available through the banks are worth 45 billion baht.

Thailand’s public debt at the end of September was 10.37 trillion baht, or 60.41% of GDP, while the legal ceiling is set at 70% of GDP.

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The general public may subscribe via the “Sor Bor Mor Wallet” app, where 15 billion baht’s worth of bonds are offered, or via Krung Thai, Bangkok, Kasikorn, and Siam Commercial banks.

On December 19 and 20, bonds worth 5 billion baht with a 10-year maturity will be made available to non-profit legal entities on a first-come, first-served basis. The bonds have a fixed interest rate of 2.9% that is due every six months. There is no maximum investment within the available amount; the minimum investment is 1,000 baht.