Government savings bonds with 3.70% interest available at Bangkok Bank branches

ข่าวหุ้น-การเงิน Friday April 11, 2008 09:36 —PRESS RELEASE LOCAL

Bangkok--11 Apr--Bangkok Bank Bangkok Bank is distributing the seventh tranche of three-year government savings bonds worth 500 million baht, at an interest rate of 3.70 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 16-25. The first five tranches of government savings bonds offered since October 2007 have received strong public interest. Bangkok Bank will be distributing the bonds every month over a 12-month period until September 2008. The bonds will be offered for sale for eight working days, 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, 2010-September 15, 2011). Investors interested in these bonds can contact a Bangkok Bank branch or find further information at www.bangkokbank.com.

แท็ก Bangkok Bank   nation   kbank  

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