Thailand to sell 20 billion baht savings bonds with step‑up coupons up to 3.4%
Thailand’s Public Debt Management Office (PDMO) announced the second savings bond sale of the 2025 fiscal year, totalling 20 billion baht. The issuance is split into two ten‑year series: five billion baht sold digitally through the Savings Bond Wallet (Wealth Bond) on the Paotang application (SBST357A) and fifteen billion baht sold through six commercial banks (SBST358A).
Coupon structure
Both series carry step‑up coupons with an average yield of 2.49% per year over ten years:
- Years 1–3: 1.70%
- Years 4–7: 2.40%
- Years 8–10: 3.40%
Digital tranche (Paotang app)
- Series: SBST357A
- Amount: 5 billion baht
- Sale period: 30 July–7 August 2025
- Eligibility: Thai nationals aged 15 or above (minors under 20 require parental consent when purchasing at Krungthai Bank branches)
- Minimum purchase: 100 baht
- Maximum per transaction: 5 million baht
- Maximum per person: 20 million baht
- Denomination: multiples of 100 baht
- Allocation: first‑come, first‑served
Buyers must register, verify identity, and add funds to the Savings Bond Wallet via mobile banking, a linked Krungthai Bank account, or over the counter at Krungthai Bank branches nationwide.
Bank tranche (six partner banks)
- Series: SBST358A
- Amount: 15 billion baht
- Sale period: 4–6 August 2025, 08:30–15:00 (no cheque payments accepted on 6 August)
- Eligibility: Thai nationals or individuals with residence in Thailand
- Minimum purchase: 1,000 baht
- Maximum purchase: no limit
- Denomination: multiples of 1,000 baht
- Allocation method: Small Lot First (allocation in successive 1,000‑baht rounds; if the final round is oversubscribed, remaining bonds are allocated randomly)
- Notification: allocation results and refunds (if any) by 7 August 2025
Participating banks are Krungthai Bank, Bangkok Bank, Kasikornbank, Siam Commercial Bank, Bank of Ayudhya, and CIMB Thai Bank.
Additional information
Prospective buyers can review the official terms and conditions issued by the Ministry of Finance for full details on the offering, eligibility, purchase procedures, allocation rules, and settlement timelines.
