Thai THB30 Billion Bond Issue Expected To Be Fully Subscribed

Government Savings Bank Director General Goanpot Asvinvichit expressed confidence that the bank’s bond issue worth THB30 billion would be totally subscribed.

Government Savings Bank Director General Goanpot Asvinvichit expressed confidence that the bank’s bond issue worth THB30 billion would be totally subscribed. Asvinvichit said that the two-year and six-month maturity period bonds offer attractive returns and hence it would be fully subscribed. The subscription for the bond is scheduled to remain open between March 28 and April 10. Early redemption of the bonds can be made twice a year during Feb. 11-25 and Aug. 11-25. The interest rates of the bonds is calculated on a progressive rate with the one to six month deposit at 4.5%, seven to12 months at 4.75%, 13-18 months at 5%, 19-24 months at 5.5%, 24-30 months at 5.75%. The interest payment will be made every six months.