Thai Khem Kaeng Bonds

[PaulBunyon]

PDMO: All bonds will be sold

This week the Thai government offered these bonds. I guess they pay 4.17 percent paid twice annually. I believe they have a 5 year maturity and are offered as 10,000 - 100,000 each. Does anyone know if these are available to foreigners?

[Mid]

see here : https://teakdoor.com/business-finance...-thailand.html (Senior citizens queue to buy 'Strong Thailand' savings bonds)

[Butterfly]

not really a good deal, unless you have nothing else

[Bangyai]

not really a good deal, unless you have nothing else

Agreed. 5 years is a long time to tie up your money . What might gold be worth just one year from now !?

[PaulBunyon]

Gold might be worthless. I'm starting to hear people say speculation/ bubble more often now. All these bubbles eventually break. Just 13 years ago Gold was 5,000 baht a baht. Who knows though, my pockets don't lie. Life is a losing game for me. If the Thai baht devalues and you have your money tied up it'll be even worse.

So these bonds are 10k to 1mil. I still can't find anything that say they are available to foreigners.

[Thomas]

Hi Paul. LOL. I had a hard time getting an answer to this question also. Many bank staffers and others will say the Strong Thailand bonds are for Thai people only. Rubbish! Aside from a small portion of the allocation set aside for elderly Thais, the bonds ARE available for purchase by foreigners who have a residential address in Thailand.

I noticed that this topic was also talked about in a book I bought called "Your Investment Guide to Thailand" (Silkworms Books, 2010)

[Butterfly]

I think it's opened to everyone, however there might be some priority rules, also at the discretion of the bank

you can buy Government bonds on the Exchange here, that can be resold, and they have a greater coupon value, though not sure about their yield, could be as high 4.5%