Bangkok--Oct 12--TMB Asset Management
Emphasizing on government bond investment
Auto redemption every 6 month with auto redemption rate over 3.40% per annum
Jotika Savananandha, Managing Director, TMB Asset Management Company Limited said the company plans to launch TMB Government Bond Fund 10/49 with the project fund size of 5,000 million baht and the fund period of 1 year at the offering price of 10 baht per unit with the minimum initial purchase of 2000 baht. It will be offered for one time during October 17-25, 2005 to serve the growing demand of the investors on the short term bond funds, which proven by the success of TMB Government Bond Fund 8/49 with subscription over 3,394 million baht.
"The fund, similar to TMB Government Bond Fund 8/49, aims to gain a positive and stable return from the investment in the government bond which guaranteed the full amount of both the interest and principle such as the government bond issued by the Ministry of Finance or Bank of Thailand and the deposit or bond issued by the financial institution warranted by the government with the remaining bond period of about 1 year before maturity. The investors will receive the money from the auto redemption every 6 months at the rate no less than 3.40% per annum of the initial investment. The company will process the redemptions twice on April 26, 2006 and at the end of the project on October 26, 2006. There will not be any tax imposed on the return amount received", said Jotika.
Jotika added that the TMB Government Bond Fund 10/49 is suitable for the investors who would like to make a short-term investment of about a year and need a stable maintenance of the principle with a higher return than normal deposit interest rate. At present, the average return on the 1-year Government Bond after expense stands at about 3.40% per year which is higher than normal deposit and fixed deposit interest rate at present.
The investors who are interested in TMB Government Bond Fund 10/49 can obtain further information from TMBAM Office and its representatives or call 02 636-1800.
For more information, please contact
Lakana Khwan-ngam , Sujira Wirojana
PR Consultant
Tel. 0 2953-8633, 0 2954-2863, 01-822-2363, 01-629-1821 End.