Programme intended to encourage Thais to save consistently.
The Public Debt Management Office (PDMO) plans to issue "Om Plus" (Savings Plus) government bonds worth 8 billion baht during the current fiscal year to encourage Thais to save consistently.According to Jindarat Viriyathavikul, director-general of PDMO, Om Plus allows the public to purchase government bonds on a monthly basis and will replace the traditional savings bonds previously issued, which were not offered for sale monthly.
The new bonds are to be distributed through PDMO Wallet on the Paotang app and the Bond Connect Platform, marking the first time government bonds are offered through a fully digital platform.
The first tranche of 4 billion baht is slated to be offered in early August, followed by a second 4-billion allotment in early September.
Government bond yields are 1.24% for three-year bonds and 1.97% for 10-year bonds, both of which exceed bank deposit returns, while maintaining a high level of security.
