Finance Ministryâ€™s savings bonds sold like hot cakes
The Finance Ministryâ€™s 15 billion baht worth of savings bonds have been sold out within a short period of time, prompting the ministry to issue an addition of three billion baht worth of savings bonds.
Mr Suvich Rojanavanich, director of Public Debt Management Office, said Tuesday that the bonds were put on sale on May 8 and all of them have been snapped up in about a week members of the public.
The three-billion baht worth of new savings bonds known as scripless to be offered to the public are divided into two types â€“ those with five yearsâ€™ maturity which carries a fixed interest rate of 2.35 percent and those with ten years maturity which carries an interest rate of 3 percent.
The two kinds of bonds are available on sale from May 22 to August 30 for individuals holding Thai citizenship and have domicile in Thailand. Each individual is entitled to subscribe for the bonds worth a maximum of two million baht.
Those who are interested to subscribe for the bonds can make bookings at the counters of Krung Thai, Kasikorn, Siam Commercial and Bangkok banks or through internet banking system.
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