Bangkok, The Ministry of Finance is pleased to sell 10 billion baht in savings bonds through the Paotang app, all sold out within 1.35 minutes, recommends waiting to subscribe for another 30 billion baht through bank counters.
Mr. Phachara Anantasin, Director of the Public Debt Management Office, said that after the Ministry of Finance The sale of savings bonds has begun. Fiscal year 2024, a limit of 40,000 million baht, divided into sales through the S.B.M. Wallet (Collecting Wealth Bonds) on the Paotang application, a limit of 10,000 million baht, open for sale from 8:30 a.m., completely sold out in just 1.35 minutes. Because a 5-year bond pays 3% interest per year, a 10-year coupon pays 3.4%, which is considered a relatively high return. It is considered that a large number of small investors are interested. Because purchasing through the Paotang app Open to retail buyers from 100 baht – 50 million baht.
The Ministry of Finance also sells savings bonds. to general retail traders through dealer bank coun
ters, a total of another 30 billion baht. The plan to sell the remaining 60 billion baht requires re-evaluating market conditions. from a total target of 100 billion baht this year Because I don’t want to borrow money to pile up. and must bear the cost The bonds will be gradually issued as appropriate.
The details of the distribution channels are as follows:
1. Selling savings bonds through the S.B.B. Wallet on the Paotang application. Savings bonds on the Wallet, Ministry of Finance, fiscal year 2024, No. 1, credit limit of 10,000 million baht, age and returns. (Interest paid every 3 months) 5 years 3.00% per year, 10 years 3.40% per year. Sale date 6 – 19 March 2024 (100 baht per unit)
2.Sale of savings bonds through dealer banks, including Krung Thai Bank Public Company Limited, Bangkok Bank Public Company Limited, Kasikorn Bank Public Company Limited, and Siam Commercial Bank Public Company Limited. Savings bonds of the Ministry of Finance in the fiscal year. 2024, No. 1, Period 1, subscription availab
le on 11-13 March 2024, credit limit 25,000 million baht. Those eligible to purchase are natural persons who hold Thai nationality. or have residence in Thailand Generation and compensation (Interest paid every 3 months) 5 years 3.00% per year, 10 years 3.40% per year, minimum-maximum credit limit 1,000 baht – no limit on the maximum credit limit (1,000 baht per unit)
For distribution channels: Internet Banking, Mobile Banking, and counters at all 4 dealer banks. Savings bonds of the Ministry of Finance in fiscal year 2024, No. 1, Period 2, sold on March 18-19, 2024, with a credit limit of 5,000 million baht. Purchase rights for the Thai Red Cross Society, foundations, associations, cooperatives, temples, government educational institutions. government hospital Condominium juristic person Housing juristic person and other juristic persons that do not have profit-seeking objectives Generation and compensation (Interest paid every 6 months) 10 years 3.00% per year Minimum-maximum credit limit 1,000 baht – no l
imit on the maximum credit limit (1,000 baht per unit) Sales channels Counters of all 4 dealer banks
The sale of savings bonds to the public in period 1 (11-13 March 2024) will use the Small Lot First bond allocation method (slowly allocating bonds in rounds. Circulate until all buyers are complete) by multiplying 1,000 baht per round, which is the order of reservation first-last. It does not affect the allocation. and in the event that the bond amount to be allocated in the final round is not sufficient to allocate to all buyers The computer system will allocate bonds in the final round using a random method (Random) until the distribution amount is reached.
Subscribers will know the results of bond allocation and will receive their money back. In the event that bonds are not allocated or has not been allocated in full according to the subscription amount on March 14, 2024 (Details and conditions of sale are in accordance with the documents for selling savings bonds of the Ministry of Finance) Dealers are
separated. Investors can invest in both channels. Interested people can study additional details in the prospectus and documents summarizing the conditions for selling savings bonds. Or you can inquire with any of the 4 dealer banks. SBOB hopes that the sale of bonds this time will receive a good response. In investing with government savings bonds.
Source: Thai News Agency