Thread: Senior citizens queue to buy 'Strong Thailand' savings bonds

Senior citizens queue to buy 'Strong Thailand' savings bonds



BANGKOK, June 7 (TNA) - Elders are queuing nationwide to buy the second lot of Thai Khem Kaeng 'Strong Thailand' government savings bonds, a high-interest savings bond offered nationwide at some 7,000 branches of 12 banks and financial institutions.

Senior citizens aged 60 and over are given priority to purchase the bonds during the first two days -- Monday and Tuesday -- while sales on the last three days, Wednesday through Friday, will be open to the general public.

Ministry of Finance-sponsored savings bonds valued at Bt100 billion were earlier scheduled to be on sale for five days -- May 17 through May 21 -- to help refinance short-term loans borrowed for stimulus spending, but the programme was postponed due to the security situation at that time.

Originally scheduled for late March, the latest phase of political turmoil began in mid-March.

Public Debt Management Office director-general Chakkrit Parapuntakul said earlier that he believed all the bonds would be sold out within the first two days.

The bonds mature in six years. The minimum purchase is Bt10,000 and the maximum is Bt1 million, with an average interest rate of 4.17 per cent paid twice annually.

This bond issue is part of the government's plan to sell Bt170 billion in savings bonds in the current fiscal year ending in September to help finance Bt1.43 trillion in stimulus spending over three years.

Last year, the government sold Bt80 billion of savings bonds in July. The issue was snapped up quickly by small investors seeking an alternative to low deposit interest rates.

mcot.net

Sales of Strong Thailand bonds extended to 16 June
Sarun Saelee



BANGKOK, 10 June 2010 (NNT) – The Ministry of Finance has extended the time for reservation of the Strong Thailand bonds in the current budgetary year by five more days, from the original schedule of 7-11 June 2010.

Finance Minister Korn Chatikavanij announced that the bond reservation period would be extended until 16 June 2010. He said the conditions to reserve the bonds totally worth 100 billion THB are unchanged, elaborating that each person is entitled to buy bonds worth from 10,000 THB to 1 million THB only.

Regarding the bonds reservation during the past three days (7-9 June), Mr Korn reported that citizens and investors had already bought 65 billion THB worth of bonds in total, or 73,800 THB per person.

The Strong Thailand bonds are available at many commercial banks nationwide. The first two days of the reservation were opened to senior citizens only, but the sales were not lively as expected as some senior citizens deemed the profit conditions of the bonds were not attractive enough.

thainews.prd.go.th

Originally Posted by Mid

The Strong Thailand bonds are available at many commercial banks nationwide. The first two days of the reservation were opened to senior citizens only, but the sales were not lively as expected as some senior citizens deemed the profit conditions of the bonds were not attractive enough.

they finally got it, they got fucked by the other issue and only realized it now

PDMO: 19.3bn THB of govt bonds left unsubscribed
Sarun Saelee



BANGKOK, 17 June 2010 (NNT) – 80.7 billion THB from a total of 100 billion THB Strong Thailand bonds have been reserved from 7 to 16 June 2010, according to the Public Debt Management Office (PDMO).

PDMO Director, Chakkrit Parapuntakul, reported that although about 19.3 billion THB of the Strong Thailand bonds were left unsubscribed after the reservation period ended yesterday, the second subscription of the bonds was still deemed successful due to higher reservation figures.

Mr Chakkrit clarified that the number of bond buyers this time stood at 119,000 people, which was higher than the first subscription in 2009. Therefore, this could indicate that the bonds issuance could be distributed to minor groups in Thai society effectively.

The Ministry of Finance issued the government bonds in a bid to spur the economy in line with the operational plan Strong Thailand Scheme initiated by the current coalition government of Prime Minister Abhisit Vejjajiva.

As for the 19.3 billion THB bonds left unsold, the director said the government would seek loans from financial institutions accordingly.

thainews.prd.go.th

Meanwhile senior noncitizens que up to buy something else in Pattaya.

Can we buy them and resell? Taxed?

Originally Posted by PaulBunyon

Meanwhile senior noncitizens que up to buy something else in Pattaya.