Thai govt aims to issue Bt100-bn savings bonds next year

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Govt aims to issue Bt100-bn savings bonds next year

By THE NATION

 

Patricia Mongkhonvanit

 

The government is planning to issue Bt100 billion in savings bonds to cope with its financial requirements next year, with the first tranche of Bt50 billion expected to be issued after New Year, the Public Debt Management Office (PDMO) said on Tuesday.

 

PDMO director-general Patricia Mongkhonvanit said the issuance of bonds depends on whether or not the government has measures that need money after New Year, while the interest rate will be based on the PDMO’s current policy rate as well as the market situation.

 

“Issuing savings bonds is a fast way to gain capital to support government projects, and so far the bonds have received positive response from the public,” she said.

 

In fiscal year 2019, the PDMO issued more than Bt100 billion in saving bonds, which was higher than in the past when such bonds hardly exceeded Bt50 billion.

 

“This is because this year and the next the government has several projects that require large sums of money under Bt1-trillion loan decrees,” she added.

 

Source: https://www.nationthailand.com/news/30398135

 

-- © Copyright The Nation Thailand 2020-11-18

 

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[hotchilli]

The pot needs topping up again I see.