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First lot of savings bonds to be launched on 14-15 July
By k on June 17, 2009
BANGKOK, 17 June 2009 (NNT) – Following the House of Representatives’ endorsement of the executive decree on loans on Monday night, the Director of the Public Debt Management Office, Mr. Phongphanu Sawetrun, said his office would soon launch the first lot of five-year savings bonds worth 30 billion baht, to the public.
Mr. Phongphanu said senior citizens would be given privilege to be the first to purchase the fixed incomes, and they would be distributed between 14-15 July. He expected the savings bond should yield at least three percent from the first till third years, four percent in the fourth year, and five percent in the fifth year in line with current economic conditions.
According to the Thai Bond Market Association, five-year government bond yields are currently at 3.34 percent. The savings bonds are expected to be available at two state-run banks.
Related posts:
- Thai Finance Ministry to issue 5-yr savings bonds in July BANGKOK, June 4 (TNA) - Thai Finance Minister Korn Chatikavanij...
- New savings bonds won’t affect liquidity, says BoT BANGKOK, June 27 (TNA) – The government’s plan to issue...
- SCIB ready to roll out bonds on 13 July BANGKOK, 7 July 2009 (NNT) - Siam City Bank Public...
- 2nd lot of Strong Thailand bonds to be sold next year BANGKOK, 23 October 2009 (NNT) – The Ministry of...
- Finance Ministry to issue more bonds in Oct-Nov BANGKOK, 31 August 2009 (NNT) – The Ministry of Finance...
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