PDMO Director-General Patricia Mongkhonvanit said on Friday (June 25) that the interest rates on the PDMO bond tranches reflect the likelihood of higher market rates, reported state news agency NNT.
PDMO bonds offer an average annual interest rate of 1.80%-1.90% to individual investors, depending on bond terms. The office will also offer the bonds to non-profit organisations at an annual rate of 2.20%.
The special savings bonds are available via the “Sasom Bond Mung Kung” e-wallet, abbreviated to “SorBorMor” in Thai on Krungthai Bank’s Pao Tang mobile app, and through four dealer banks. The minimum purchase of the bonds is B1,000, with no maximum purchase limit. Interest is paid twice a year.
The special savings bonds, available via e-wallet, total B10bn with a three-year term, offering a step-up annual interest rate with an average of 1.80%. Eligible investors must be aged 15 or older. The remaining B40bn, from July 12-23, will be distributed through Krungthai Bank, Bangkok Bank, Kasikornbank and Siam Commercial Bank.
Investors can subscribe for bonds at their counters, via internet banking or mobile banking apps.