Bangkok Bank offers savings bonds worth Baht 664.36 million from September 15 with annual interest of 4.65%

ข่าวเศรษฐกิจ Thursday September 11, 2008 16:37 —PRESS RELEASE LOCAL

Bangkok--11 Sep--Bangkok Bank Bangkok Bank has been informed by the Finance Ministry that the size of the 12Th tranche for 2008 of government savings bonds has increased from Baht 500 million to Baht 664.36 million while the maturity period remains three years. The Finance Ministry has also announced that the interest rate offered on the bonds will be 4.65 percent per annum. The bonds are scheduled to go on sale from September 15-24. Mrs. Ruchanee Nopmuang, Bangkok Bank Executive Vice President and Director for Metropolitan Consumer Banking said the increase was designed to meet anticipated overwhelming demand from customers after many times previous tranches of the bonds quickly sold out on the first day. Interested investors can subscribe to the bonds at Bangkok Bank branches nationwide (excluding Microbranches) from September 15-24, 2008. Bangkok Bank has been appointed as the sole distributor of the bonds for the second consecutive year. The bonds are issued by the Finance Ministry with the Bank of Thailand as the registrar and payment agent. Their total value was originally Baht 6 billion, to be distributed in 12 monthly tranches of Baht 500 million from October 2007 to September 2008, priced at Baht 10,000 per bond. The minimum purchase for each investor is set at Baht 10,000, with the total value purchased to be in multiples of Baht 10,000 with a maximum investment of Baht 500,000. Investors are allowed to submit one purchase subscription for each tranche. In order to ensure that the bonds are fairly distributed to the people, the bonds are offered only to Thai nationals and residents, foundations and non-profit organizations. Interest on the bonds is paid at a fixed rate twice a year. The bonds will become transferable after one year, and the bondholders can sell them to financial institutions or other parties at an agreed price. Further details are available at Bualuang Phone on 1333, and at Bangkok Bank’s website: www.bangkokbank.com. Customers and members of the general public interested in the bonds can obtain more details and complete subscription forms at Bangkok Bank’s head-office and branches nationwide (excluding Microbranches). The subscription forms must be submitted on designated dates and times along with payment, which can be a personal cheque or cashier cheque, cash, or direct payment from a deposit account at Bangkok Bank. The bonds will be allocated to investors who have submitted subscription forms and payment on a first-come-first-serve basis. For more information please contact: Tel: 0-2230-2709

แท็ก bank of thailand   Bangkok Bank   nation   kbank   GIS   TOT  

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