BANGKOK, Jan 25 (TNA) – The Finance Ministry issued “Rao Chana” (We Win) saving bonds worth 60 billion with a 2% annual interest in the 2021 fiscal year.
Patricia Mongkhonvanit, director-general of the Public Debt Management Office, said that with the bonds the government planned to raise a fund to relieve COVID-19 impacts on people and stimulate the economy. Saving bonds were secure and offered good returns when the money market faced risks from fluctuating economic conditions, she said.
We Win bonds will be available via the BOND DIRECT app on Feb 1 and at participating banks on Feb 5.
The bonds to be available through the e-wallet of the BOND DIRECT app were intended to raise up to 5 billion baht. The bonds with five-year maturity offers step-up interest rates, annually 2% on average. Each buyer can invest between 100 baht and 5 million baht. They will be available on Feb 1-19.
The bonds that will be available through Krungthai Bank, Bangkok Bank, Kasikornbank and Siam Commercial Bank were intended to raise 55 billion baht. General people and non-profit organizations can buy them without a limited amount of money.
Those to be sold to general people on Feb 5-15 will offer step-up interest rates, 2% annual interest on average for five-year maturity bonds and 2.5% on average for 10-year maturity.
The bonds for sale on Feb 16-19 to the non-profit organizations that the Finance Ministry specified will have 15-year maturity and pay a flat annual interest rate of 1.80%. (TNA)