GHB IN LOTTERY IPO

Corporate March 26, 2019 01:00

By The Nation

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The Government Housing Bank (GHB) will launch an initial public offering (IPO) of its first three-year lottery scheme worth Bt20 billion in May at an interest rate of 1.4 per cent, GHB's president Chatchai Sirilai said yesterday.



 

He added that the move is part of a plan to achieve a total of Bt100 billion in lottery sales in two years in support of the bank's mortgage loans for lower-income market in the country.

It will be followed by a Bt30 billion issue at the end of this year, and a Bt50 billion issue in 2020, he said.

 

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