Public Debt Management Office Deputy Director Chakkrit Parapuntakul said on Thursday that the 2nd lot of bonds was worth 60 billion baht with 4% interest. The bonds have a term ranging from 5-7 years and will be issued in January 2010.

Proceeds from the bonds will be used to refinance debts the ministry had due to loans from commercial banks. The refinancing will provide financial liquidity for the ministry, enabling it to implement the 2nd-phase of economic stimulus packages.

The 1st lot of government savings bonds of 50 billion baht was sold in July this year.