Bangkok, Treasury sells savings bonds. Via the Paotang app, 10 billion baht, March 6, 5 year term, 3% interest per year, 10 year term, 3.4% interest. Mr. Phachara Anantasin, Director of the Public Debt Management Office, said today, March 6, the Ministry of Finance The sale of savings bonds has begun. Fiscal year 2024, the first installment is 40,000 million baht from the target of 100 billion baht to compensate for the fiscal year 2024 budget deficit. The remaining 60 billion baht will be looked at market conditions as appropriate. The Ministry of Finance has divided the sale of savings bonds this time into 1. Selling to the public, a limit of 35,000 million baht, through 2 channels, including the S.B.B. Wallet (Collecting Wealth Bonds) on the Paotang application, a limit of 10,000. million baht and various channels of the dealer bank, a limit of 25,000 million baht and 2. Sales to non-profit legal entities as specified by the Ministry of Finance, a limit of 5,000 million baht, with details of distribution channels 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. Eligible buyers. Natural persons holding Thai nationality Who are aged 15 years and over. Minimum-maximum credit limit 100 baht-50,000,000 baht (100 baht per unit). Sales channel: Wallet, S.P.B., on the Paotang application. Those interested can download the Paotang application today. To register, verify your identity and add money to the S.B.B. Wallet via Mobile Banking or linking to a Krungthai Bank account. Including adding money with Wallet ID at every Krungthai Bank branch counter. 2. Sales 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 available 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) Sales channels: Internet Banking, Mobile Banking and counters of all 4 dealer banks. Savings bonds of the Ministry of Finance in fiscal year 2024, No. 1, Period 2, sold on 18-19 March 2024, credit limit 5,000 million baht. Eligible buyers: 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 compensat ion (Interest paid every 6 months) 10 years 3.00% per year Minimum-maximum credit limit 1,000 baht - no limit 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 Phase 1 (March 11 - 13, 2024) will use the Small Lot First bond allocation method (allocating bonds gradually 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. In the event that the bond amount to be allocated in the final round is insufficient to allocate to all buyers The computer system will allocate bonds in the final round using random methods until the distribution amount is reached. Subscribers will know the results of bond allocation and receive a refund. 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 as per the documen ts for selling savings bonds from 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 this time the sale of bonds will receive a good response. In investing with government savings bonds. Source: Thai News Agency