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Bangkok Post
Bangkok Post
Business

Office prepares to offer 'Savings Plus' bonds

Bonds PDMO United States

The Public Debt Management Office (PDMO) looks set to issue "Savings Plus" bonds worth 2 billion baht per month, offering an interest rate of around 2%, with the aim of promoting savings among small retail investors.

Jindarat Viriyathavikul, director-general of the PDMO, said the model it initially considered -- selling bonds through the Bond Connect system, which is regulated by the Bank of Thailand and the Securities and Exchange Commission -- could have created difficulties for the public.

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