The Ministry of Finance is preparing to launch the “Aom Plus” government bonds for fiscal year 2026 with a total value of 8 billion baht and interest rates up to 2.8% per annum. The first batch will go on sale starting 31 July, highlighting the low minimum purchase of only 100 baht through the Pao Tang and stock trading apps.
Ms. Jindarat Wiriyathaveekul, Director of the Public Debt Management Office (PDMO), announced details of the sale of the “Aom Plus” government bonds for fiscal year 2026, totaling 8 billion baht. The issuance is divided into two rounds of 4 billion baht each. The funds will be raised through two main channels: 2 billion baht via the PDMO wallet on the Pao Tang app, and 2 billion baht via the Bond Connect platform. The aim is to transform traditional saving habits into a digital system and diversify the investor base, especially targeting younger and working-age earners with regular income.
For this first issuance of Aom Plus government bonds, two bond tenors are offered:
Interest is paid quarterly. The bonds are issued in scripless form, meaning no physical certificates or bond books will be issued during the bond's lifetime. Investors can review transaction histories through distributors or marketplace apps like Streaming and WEALTH MAGIK. After allocation, securities companies will send transaction summaries directly to investors.
For the first channel, the PDMO wallet on the Pao Tang app will open sales from 31 July to 31 August 2026, starting at 8:30 a.m. Purchases start at a minimum of 100 baht and may be made incrementally up to 3 million baht per transaction, with a total maximum purchase limit of 50 million baht per investor. Allocation follows a first-come, first-served basis.
The second channel is the Bond Connect platform, developed jointly by the PDMO, the Stock Exchange of Thailand (Settrade), the Bank of Thailand, and the Thailand Securities Depository (TSD). It will accept bookings from 3 to 5 August 2026. Purchases cannot be made via bank counters but only through 24 distributors, including six commercial banks and 18 securities firms, as well as apps like Streaming.
Allocation on the Bond Connect platform uses the Small Lot First method, distributing bonds in rounds to cover all buyers evenly. The minimum investment is 1,000 baht, with no maximum limit. Investors may book on any of the three days but are limited to one booking record because the system aggregates all bookings before allocation. The PDMO will announce allocation results and refund any shortfalls on 6 August 2026.
The funds for the PDMO wallet and Bond Connect channels are completely separate, allowing investors to manage and book purchases on both channels concurrently.
Regarding the choice of only 3-year and 10-year tenors, the PDMO Director explained these periods suit medium- and long-term investors. The 3-year bond is suitable for those managing medium-term funds, while the 10-year bond meets the needs of long-term savers seeking stability and fixed interest rates.
Addressing concerns about returns compared to fixed deposits and funds leaving the banking system, it was confirmed that the bonds' returns are higher than typical fixed deposit rates because the interest includes tax compensation. The total issuance for fiscal year 2026 is 8 billion baht, which is not excessive and will not affect commercial bank liquidity. This aligns with the government's appropriate financial instrument funding plan.
Additionally, the PDMO Director revealed there are about 150,000 regular customers in the PDMO wallet, mostly elderly investors saving for their descendants. Adding the Bond Connect platform aims to attract younger investors familiar with digital systems and stock trading apps, as these bonds can be used as collateral for securities trading.
Looking ahead, the PDMO will consider adjusting issuance limits and interest rates in line with market conditions for each round. The second issuance is scheduled to start on 4 September 2026, with interest rates and issuance limits announced in mid-August 2026. Interested investors can contact distributors to open securities accounts and prepare from now.
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