The special tranche of government bonds targeted at people aged 55 and older has sold out on its first day. General customers who missed out on the bonds will have a chance to purchase government bonds when the seventh tranche of Baht 500 million goes on sale on April 16, 2008 at Bangkok Bank branches nationwide, except for Micro branches.
Bangkok Bank Executive Vice President Ruchanee Nopmuang said Bangkok Bank had successfully distributed the special tranche of government bonds which were exclusively available for sale to people aged 55 or older during the first three days. The bonds were fully subscribed on opening day.
The total value of the bonds was Baht 12 billion, of which Bangkok Bank distributed Baht 6 billion. The bonds carried a maturity of two years and an interest rate of 3.60% per annum.
The special tranche of bonds generated significant interest prior to launch date, particularly from customers aged 55 and over. The bonds were attractive due to their high interest rate of 3.60% per annum, twice yearly interest payments, two year maturity and because they offered the security of being issued by the Finance Ministry.
Mrs. Ruchanee said that customers who missed out will have a further opportunity when the next tranche of government bonds becomes available on 16-25 April 2008 at all Bangkok Bank branches except Micro branches. The interest rate offered on the Baht 500 million tranche will be announced two days prior to the date of sale.
Interested persons can check the interest rates and obtain further details from Bualuang Phone on 1333, and Bangkok Bank’s website at www.bangkokbank.com. |