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B21bn savings bond issue dates set

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The Bangkok Post

10-year issue will pay investors 3.6% annually, says Ministry of Finance A total of 21 billion baht worth of government savings bonds will go on sale to the public from Aug 22 to 24, a Ministry of Finance official confirmed on Thursday. The 5- and 10-year bonds, intended to help finance the budget deficit, will offer a yearly average coupon of 2.9% and 3.6%, respectively, said Patricia Mongkhonvanit, head of the Public Debt Management Office. The country’s public debt to GDP ratio is expected to reach 61.3% at the end of the current fiscal year to September, down from a previous forecast of 62…

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