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Bangkok Bank is the distributor of Government Special Savings Bonds We Win available for subscriptions via Bangkok Bank Mobile Banking, Bualuang iBanking and bank branches from February 5, 2021 onwards
Bangkok Bank is the distributor of Government Special Savings Bonds We Win available for subscriptions via Bangkok Bank Mobile Banking, Bualuang iBanking and bank branches from February 5, 2021 onwards
Bangkok Bank invites customers to buy the Government Special Savings Bonds We Win to raise funds to help mitigate the impact of Covid-19 and to revive the economy. The bonds are for 5-year, 10-year and 15-year terms and answer the needs of those who prefer low risk and consistent returns. The minimum purchase is only 1,000 baht and there is no limit on the maximum purchase.
Bangkok Bank Director and Executive Vice President Mr. Thaweelap Rittapirom said that the Bank was granted the right to be a distributor of the Government Special Savings Bonds We Win in the fiscal year 2021 that are being issued to raise funds to help mitigate the impact of Covid-19 and to revive the economy. The special savings bonds are available for purchase from February 5-19, 2021 through more than 1,000 bank branches nationwide as well as Bangkok Bank Mobile Banking and Bualuang iBanking providing convenience and reducing the risk of infection from travelling to public areas in line with the government’s measures in the current situation”.
There are three types of of the Government Special Savings Bonds We Win
Type 1 5-year term with a step-up coupon rate: Year 1-2: 1.50% per year, Year 3-4: 2.00% per year and Year 5: 3.00% per year. The average coupon rate is 2.00% per year.
Type 2 10-year term with a step-up coupon rate: Year 1: 1.50% per year, Year 2-3: 2.00% per year, Year 4-6: 2.50% per year and Year 7-10: 3.00% per year. The average coupon rate is 2.50% per year.
The first two types of the bond (5-year and 10-year terms) will be sold to the public, who are individuals with Thai nationality or residency in Thailand, on February 5-15, 2021. The minimum subscription is set at 1,000 baht without a maximum limit. Altogether bonds to a total value of 55 billion baht will be available and sold through all distributing banks.
Type 3 15-year term with a fixed coupon rate of 1.80% per year will be sold exclusively to non-profit juristic persons on February 16-19, 2021. The minimum subscription is set at 1,000 baht without a maximum limit. These bonds will be those remaining from the distribution of the first two bonds.
Mr. Thaweelap said that the Government Special Savings Bonds We Win provide a medium to long-term investment opportunity for those who can accept less risk. However, they can earn consistent returns at a rather attractive rate, amid the current financial market conditions where interest rates are relatively low. Moreover, equity investments are still quite volatile as a result of the Covid-19 situation. At the same time investing in such bonds will also meet the needs of investors who would like to have consistent income as they will pay interest twice a year in February and August every year until maturity.
"Providing customers with convenience is another key factor for the success of bond selling. In addition to more than 1,000 Bangkok Bank branches nationwide, customers can also buy the bonds via our digital channels including Bangkok Bank Mobile Banking and Bualuang iBanking. Customers who already have a Bangkok Bank bond account can “Add Account” to the system immediately by performing their transaction through the "Investment" menu and select "Government Bond", then follow the steps until the end of the process. Customers or individuals who do not have a bond account with Bangkok Bank, are invited to visit our branches to open a bond account, so they can “Add Account” in Bangkok Bank Mobile Banking or Bualuang iBanking and make transactions via digital channels immediately once the bond sales open. This will provide convenience and reduce the need to make visits to the branch as well as helping to deliver a digital experience to our customers,” said Mr. Thaweelap.
For more information on how to buy the Government Special Savings Bonds We Win and the selling channels, please contact Bangkok Bank channels including Bangkok Bank website, Bangkok Bank LINE Official or call Bualuang Phone 1333 or 0 2645 5555.
Bangkok Bank Director and Executive Vice President Mr. Thaweelap Rittapirom said that the Bank was granted the right to be a distributor of the Government Special Savings Bonds We Win in the fiscal year 2021 that are being issued to raise funds to help mitigate the impact of Covid-19 and to revive the economy. The special savings bonds are available for purchase from February 5-19, 2021 through more than 1,000 bank branches nationwide as well as Bangkok Bank Mobile Banking and Bualuang iBanking providing convenience and reducing the risk of infection from travelling to public areas in line with the government’s measures in the current situation”.
There are three types of of the Government Special Savings Bonds We Win
Type 1 5-year term with a step-up coupon rate: Year 1-2: 1.50% per year, Year 3-4: 2.00% per year and Year 5: 3.00% per year. The average coupon rate is 2.00% per year.
Type 2 10-year term with a step-up coupon rate: Year 1: 1.50% per year, Year 2-3: 2.00% per year, Year 4-6: 2.50% per year and Year 7-10: 3.00% per year. The average coupon rate is 2.50% per year.
The first two types of the bond (5-year and 10-year terms) will be sold to the public, who are individuals with Thai nationality or residency in Thailand, on February 5-15, 2021. The minimum subscription is set at 1,000 baht without a maximum limit. Altogether bonds to a total value of 55 billion baht will be available and sold through all distributing banks.
Type 3 15-year term with a fixed coupon rate of 1.80% per year will be sold exclusively to non-profit juristic persons on February 16-19, 2021. The minimum subscription is set at 1,000 baht without a maximum limit. These bonds will be those remaining from the distribution of the first two bonds.
Mr. Thaweelap said that the Government Special Savings Bonds We Win provide a medium to long-term investment opportunity for those who can accept less risk. However, they can earn consistent returns at a rather attractive rate, amid the current financial market conditions where interest rates are relatively low. Moreover, equity investments are still quite volatile as a result of the Covid-19 situation. At the same time investing in such bonds will also meet the needs of investors who would like to have consistent income as they will pay interest twice a year in February and August every year until maturity.
"Providing customers with convenience is another key factor for the success of bond selling. In addition to more than 1,000 Bangkok Bank branches nationwide, customers can also buy the bonds via our digital channels including Bangkok Bank Mobile Banking and Bualuang iBanking. Customers who already have a Bangkok Bank bond account can “Add Account” to the system immediately by performing their transaction through the "Investment" menu and select "Government Bond", then follow the steps until the end of the process. Customers or individuals who do not have a bond account with Bangkok Bank, are invited to visit our branches to open a bond account, so they can “Add Account” in Bangkok Bank Mobile Banking or Bualuang iBanking and make transactions via digital channels immediately once the bond sales open. This will provide convenience and reduce the need to make visits to the branch as well as helping to deliver a digital experience to our customers,” said Mr. Thaweelap.
For more information on how to buy the Government Special Savings Bonds We Win and the selling channels, please contact Bangkok Bank channels including Bangkok Bank website, Bangkok Bank LINE Official or call Bualuang Phone 1333 or 0 2645 5555.
bangkokbank:assets/news/news-category/2021
January 29, 2021
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