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Savings Bonds Tipped to Be Big Hit in Thailand.

Bangkok Post (Bangkok, Thailand)

| July 05, 2002 | COPYRIGHT 2002 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Jul. 5--Financial experts say savings bonds totalling 305 billion baht should attract robust demand when they go on sale from July 15 to Aug 30.

Yields higher than market rates and an option to redeem the bonds after one year were the main drawcards, the experts told a seminar organised by the Economic Reporters' Association yesterday.

The Bank of Thailand said the yields would be 4.15 percent for five-year bonds, 5.25 percent for seven years and 6.1 percent for 10 years.

The bonds have been allocated to commercial banks for sale, in proportion to their deposits.

Nattapol Chavalitcheevin, the president of the Thai Bond Dealing Centre, ...

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Source: HighBeam Research, Savings Bonds Tipped to Be Big Hit in Thailand.

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