The Nation


Government Savings Bank

GSB wins financial-bridging loan auction

The Government Savings Bank on Tuesday came out top in an auction for a financial-bridging loan worth Bt50 billion offering the lowest interest rate, said Public Debt Management Office director general Chularat Suteethorn.

The PDMO's term-loan auction aimed to pay off the debt owed to the farmers under the rice-pledging scheme.

GSB offered an interest rate of Bibor minus 0.1 per cent annually, translating into an annual rate of 2.1792 per cent for the first loan of Bt30 billion to the Bank for Agriculture and Agricultural Cooperatives.

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