Bangkok--13 Dec--BBL
Bangkok Bank is distributing a third batch of three-year government savings bonds worth 500 million baht, at an interest rate of 5.30 percent per annum. The bonds are issued by the Public Debt Management Policy of the Ministry of Finance and will be made available to the public via the bank’s nationwide branch network from November 15-24.
Bangkok Bank satisfactorily placed the first two batches of the government savings bonds worth 500 million baht in October and November. The public show strong interest in the bond which the previous lot offered was sold out within the first 3 days of sale through Bangkok Bank’s branches nationwide (excluding Microbranches).
Bangkok Bank will be distributing the bonds every month over a 12-month period up to September 2007. The bonds will be offered for sale for eight working days each month, starting from the 15th day of each month. The interest rate which will be offered on each batch of bonds will be announced two days prior to the date of sale. The rate for each month will be based on the average yield rate of three-year government bonds during the five working days prior to the date of fixing the interest rate, and a spread of not more than 15 percent will be added on top of the average rate. Interest on the bonds will be paid twice a year, and the bonds will mature three years after the date of sale (October 15, 2009-September 15, 2010).
People interested in these bonds can check out the interest rate and further information at www.bangkokbank.com .