Bangkok--12 Apr--BBL
Bangkok Bank is distributing a seventh tranche of three-year government savings bonds worth 500 million baht, at an interest rate of 4.00 percent per annum. The bonds are issued by the Public Debt Management Office of the Ministry of Finance and will be made available to the public via Bangkok Bank’s nationwide branch network (excluding Micro branches) from April 17-26.
The first six tranches of government savings bonds offered since October 2006 have received strong public interest and tranches distributed since January 2007 have sold out on the first day of sale.
Investors are advised to note that the first day of sale for the seventh tranche (Tuesday, April 17) is not a bank holiday.
Bangkok Bank will be distributing the bonds every month over a 12-month period until 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 tranche 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 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).
Investors interested in these bonds can contact a Bangkok Bank branch or find further information at www.bangkokbank.com .