Bangkok: The Ministry of Finance is set to unveil a new type of savings bond on June 5th, as efforts to raise funds under the 400-billion-baht loan decree progress, with several banks participating in the auction.

According to Thai News Agency, Ms. Jindarat Viriyathaveekul, Director of the Public Debt Management Office (PDMO), discussed the borrowing plan under the Emergency Decree on Borrowing 400 billion baht, stating that the Ministry of Finance has prepared the borrowing plan.

In the first phase, the PDMO will secure loans through two projects: issuing promissory notes and entering into long-term loan agreements. The first part involves promissory notes, with a total of 35 billion baht to be borrowed gradually over four months, amounting to 140 billion baht. This will be done through a bidding process with banks, and promissory notes will be issued in monthly installments. A term loan will also support the promissory notes. The total funds raised for both plans, each totaling 200 billion baht, will be considered by the screening committee based on their readiness. Currently, several banks with whom we have bid have submitted proposals, and we are in the process of reviewing their offered interest rates.

The Director of the PDMO also stated that, based on calculations of public debt to GDP in September 2026, it will be at 68% this year, not exceeding 70%. For 2027, it will be at 69.3%, which will still not exceed 70%. However, this will also depend on the GDP figures at that time.

On June 5th, the Ministry of Finance, led by Deputy Prime Minister and Minister of Finance, Ekniti Nitithanprapas, will hold a press conference to announce the launch of a new type of savings bond that will allow for public participation and can be bought and sold monthly.