Bangkok--27 Nov--Bangkok Bank
Bangkok Bank will offer Baht 5 billion in five-month debentures with a 4.625 percent per annum interest rate through its nationwide network of branches from Monday, November 27th to Friday, December 1st, 2006.
Bangkok Bank has been rated F1+(tha) by Fitch Ratings (Thailand), the highest credit rating for a short-term debt issuer in Thailand.
Bangkok Bank Executive Vice President Ruchanee Nopmuang said the debentures were part of the bank’s ongoing commitment to offering investment and savings products with good rates of return through its convenient nationwide branch network.
“The debentures offer customers an attractive investment alternative with a higher rate of return than fixed deposits, a short investment period and liquidity as customers can sell them before maturity in the secondary market,” Mrs Ruchanee said.
The debentures have a face value and selling price of Baht 10,000 per unit. The minimum investment is Baht 100,000 with increments of Baht 10,000. Holders will receive a one-time payment of principal and interest on the date of redemption. The debentures are transferable during the five-month lifetime of the investment until maturity.
Subscription forms will be available for interested investors at all Bangkok Bank branches nationwide from November 23rd, 2006. The subscription period is from November 27th to December 1st, 2006.