Thailand Recorder

Latest News From Thailand

General

Krungthai offers new derivative bonds

Bangkok, Krungthai offers to sell a new set of derivative bonds " IEF Shark Fin Bull Note" based on US government bonds. 100% principal protection, D-day booking 20-21 Feb. Mr. Rawin Bunyanusas, Executive of the Capital Market Business Division Krung Thai Bank revealed that as the country's leading commercial bank Krung Thai Bank is committed to developing financial services and products. Giving everyone the opportunity to access savings and investing under the concept of "Turning investments to be easy and prosperous." Preparing to offer Krungthai IEF Shark Fin Bull Note, a new set of embedded derivative bonds with a term of 1 year and 6 months that pay returns. Referring to the iShares7-10 Year Treasury Bond ETF, which has a policy of investing in US government bonds with a maturity of 7-10 years, meeting the needs of investors who want to create medium-term returns. low risk With conditions of 100% principal protection from Krung Thai Bank which received a credit rating of AAA by Fitch Rating on 20 July 2023 'Under the uncertain global economic situation. from the US economy showing signs of slowing down And the US Federal Reserve (FED) is likely to reduce the policy interest rate in the future. Makes investors turn their attention to investing in the bond market, which has low risk. Especially government bonds that are highly safe (Risk Free) and are not affected by credit spreads that may increase due to the economic slowdown. The bank therefore offers to sell Krungthai IEF Shark Fin Bull Note derivative bonds to provide opportunities for investors. Access to investing in debt instruments that are highly safe.' The Krungthai IEF Shark Fin Bull Note will be offered for sale to institutional investors and large investors. With a minimum investment of 1 million baht, subscription opens from 20-21 February 2024 through all Krung Thai Bank branches. Ask for more details at All Krungthai Bank branches Or call 02-208-4817 02-208-4831 02-208-4840 02-208-4673 02-208-4824.-525 . Source: Thai News Agency