Thailand: New Finance Ministry bond offers up to 3%

• Apr 24, 2017

The Finance Ministry will sell 15 billion baht worth of savings bonds with coupon rates up to 3% next month.
The minimum purchase is 1,000 baht with no limit on the maximum, said Suwit Rojanavanich, director of the Public Debt Management Office.
The issuance, the second in the current 2017 fiscal year, offers longer maturities — 2.35% for five-year notes and 3% for 10-year ones.
The yields are also higher. In the first issuance on sale from Dec 13, 2016 to April 21 this year, the coupon rates were 2% for three-year notes and 2.56% for seven-year ones, Mr Suwit said.
The second scripless issuance will be sold from May 8 to Aug 31 to promote savings and be an alternative for holders of bonds reaching maturities in May, he said.
The new bonds can be bought at Bangkok Bank, Krungthai Bank, Kasikornbank and Siam Commercial Bank.
Eligible buyers are Thai individuals, those with domiciles in Thailand, the Red Cross, foundations, temples, hospitals or non-profit organisations.

Source: http://www.bangkokpost.com/business/finance/1237671/new-finance-ministry-bond-offers-up-to-3-