Finance Ministry introduces scripless bonds

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BANGKOK, 17 August 2012  – The Finance Ministry has introduced the scripless bonds to the public to facilitate the purchase of bonds. The new bonds will be on offered at four commercial banks from September 3-14. 

Public Debt Management Office (PDMO) Director-General Chakkrit Parapuntakul has revealed that the scripless bonds will be on offer as a special government’s saving bonds, which offer a yield rate of 3.99% for six years. The interest will be paid twice a year. The bonds to be issued will be worth altogether 80 billion baht.

The savings bonds will first be offered to retirees at all branches and ATMs of Bangkok Bank, Krung Thai Bank, Kasikornbank, and Siam Commercial Bank on September 3-4; they will be available to the general public from September 5-14. Interested people may register from August 27 onwards.

Mr Chakkrit considered the 3.99% yield quite attractive given the lower interest rates offered by local banks.