Thai small investors slow to take up govt savings bonds

Bangkok

THAILAND'S military government is selling 100 billion baht (S$4 billion) of savings bonds aimed at small investors, who have shown a slow initial response to an issue that will help finance a budget deficit and a state rice-buying scheme.

The market impact of the sale may be limited and the junta, which seized power in May, has to turn to the broader bond market, which could push up yields.