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Savings Bonds offer secure investment with high return |
| Bangkok Bank is selling three-year savings bonds issued by the Ministry of Finance. Subscriptions are open from October 2007 until September 2008 at all Bangkok Bank branches nationwide. |
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Date for Sales of Savings Bonds |
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Month |
Number |
Coupon rate (%) |
Selling Date |
Maturity Date |
Interest
payment date |
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Oct 07 |
1* |
3.95 |
15-25 Oct 07 |
15 Oct 2010 |
15 Apr, 15 Oct
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Nov 07 |
2* |
4.25 |
15-26 Nov 07 |
15 Nov 2010 |
15 May, 15 Nov
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Dec 07 |
3* |
4.40 |
17-26 Dec 07 |
15 Dec 2010 |
15 Jun, 15 Dec |
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Jan 08 |
4* |
4.10 |
15-24 Jan 08 |
15 Jan 2011 |
15 Jul, 15 Jan |
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Feb 08 |
5* |
3.40 |
15-27 Feb 08 |
15 Feb 2011 |
15 Aug, 15 Feb |
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Mar 08 |
6* |
3.45 |
17-26 Mar 08 |
15 Mar 2011 |
15 Sep, 15 Mar |
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Apr 08 |
7* |
3.70 |
16-25 Apr 08 |
15 Apr 2011 |
15 Oct, 15 Apr |
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May 08 |
8 |
To be announced on
13 May 08 |
15-27 May 08 |
15 May 2011 |
15 Nov, 15 May |
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Jun 08 |
9 |
To be announced on
12 Jun 08 |
16-25 Jun 08 |
15 Jun 2011 |
15 Dec, 15 Jun |
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Jul 08 |
10 |
To be announced on
11 Jul 08 |
15-25 Jul 08 |
15 Jul 2011 |
15 Jan, 15 Jul |
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Aug 08 |
11 |
To be announced on
13 Aug 08 |
15-26 Aug 08 |
15 Aug 2011 |
15 Feb, 15 Aug |
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Sep 08 |
12 |
To be announced on
11 Sep 08 |
15-24 Sep 08 |
15 Sep 2011 |
15 Mar, 15 Sep |
* Sold out
| The Ministry of Finance |
| Minimum investment of 10,000Bt up to a maximum of 500,000Bt (one subscription form per person per issue only) |
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Interest payments are made semi-annually. |
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Three-year government bond yield plus spread (not more than 15% of three-year government bond yield) |
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Submit completed "subscription form" and make payment. Allotment will be made on a first-come first-served basis. | |
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Method of subscription |
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Individuals with Thai Nationality or those with Thai residence permits, foundations, charities, the Thai Red Cross Society or the National Council on Social Welfare of Thailand are eligible to buy savings bonds. Subscribers wishing to buy bonds can fill out the subscription form at any Bangkok Bank branch nationwide (excluding micro branches) and provide the following documents:
- ID card (or Copy of House Registration in case of adolescent)
- Copy of the first page of the passbook (Savings or Current Account only)
- Non-Thai nationals to present the certificate of residence and alien registration papers.
- For non-individuals, copies of the certificate of registration, specimen of the authorized signature together with a copy of the ID card of the authorized person, power of attorney appointing attorney with power to purchase savings bonds together with the attorney's ID card.
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Payment |
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You can make payment for savings bonds by:
- Cash
- Crossed cheque payable to "Subscription for Saving Bond"
- Authorizing Bangkok Bank Public Company Limited to debit your account
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Why invest in savings bonds? |
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- It is a Risk-free investment which return on investment is certain.
- Ability to sell bonds prior to maturity date: bondholders may sell the bonds after 1 year starting from the first subscription date of each issue, at the market price.
- Bondholders can pledge savings bonds as collateral with government agencies and other financial institutions
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Remarks:
- The coupon rate will be announced two working days in advance of the first subscription date of each issue.
- The savings bonds will be issued by The Ministry of Finance with the Bank of Thailand acting as registrar and will pay bond interest by transferring funds into the bond owner’s saving account or current account at commercial banks as stated in the subscription form. However, there will be certain fees charged by each specific bank for transferring interest payment into the bondholder’s bank account.
- If the bondholder would like to have the coupon payment credited to his/her account at Bangkok Bank, the fees are 10 Baht/transaction for Inter-Branch payment and 30 Baht/transaction for Inter-Region payment.
- If the interest payment date falls on a bank holiday, the Bank of Thailand will pay interest on the following working day.
- Payments of interest on savings bonds will be subject to withholding taxes imposed by the Revenue Code.
- Investors can obtain savings bonds certificates from the bank branch where payment was made or via registered post at the address indicated in the subscription form.
- The savings bonds will be redeemed at maturity date when the Bank of Thailand acting as registrar for the Ministry of Finance, will send out redemption form to bondholders when the principal repayment date is approaching and will transfer funds to the bondholder’s bank account as stated in the redemption form. |
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For more information: please call Bualuang Phone 1333 or go to www.bangkokbank.com For the Ministry of Finance, call 0-2265-8050 Ext. 5511, 5513; or for the Bank of Thailand, go to www.bot.or.th |
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