Thailand to sell 40 bln baht of govt savings bonds to help with budget deficit

The seven & 10-year bonds will be offered from May 10.

Thailand plans to sell 40 billion baht ($1.17 billion) of government savings bonds next month to help finance a budget deficit, a finance ministry official said on Wednesday.

Jindarat Viriyataveekul, deputy head of the ministry's public debt management office released the information in a news briefing.

The seven and 10-year bonds will be offered from May 10, Jindarat Viriyataveekul, deputy head of the ministry's public debt management office, told a news briefing. ($1 = 34.2400 baht)