Ministry of Finance, The Ministry of Finance issues savings bonds, the first installment of 40 billion baht, 5-year term, paying 3 percent interest, 10-year term, 3.4 percent interest, starting sales on March 6, 2024, selling through the Paotang 10,000 app. Million baht, highest interest rate in many years Mr. Phachara Anantasin, Director of the Public Debt Management Office, said that the Public Debt Management Office is preparing to sell savings bonds from the Ministry of Finance in fiscal year 2024 for the first time, with a limit of 40,000 million baht. Government bonds offer the most attractive interest rates in many years. Since COVID-19, it is seen that both small and medium-sized people Institutional investors and legal entities will be very interested. Because it is stable The government will definitely repay the debt. Increase convenience by opening the way for small businesses through the "Paotang Application", a savings bond limit framework. Set a goal to borrow 100 billion baht to compensate for the 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 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. Those eligible to purchase. 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. Sales of savings bonds through dealer banks include 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 credit limit - maximum 1 ,000 baht - no limit on the maximum limit (1,000 baht per unit). Sales channels: Internet Banking, Mobile Banking and counters. 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, public educational institutions. government hospital Condominium juristic person Housing juristic person and other juristic persons that do not have profit-seeking objectives Generation and rewards (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, wh ich is the order of reservation first-last. It does not affect the allocation. and in the event that the bond amount to be allocated in the final round is not sufficient 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 sales conditions are in accordance with the Ministry of Finance's savings bond sales document) The amount sold on the SCB Wallet and through the dealer bank is separate. 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 the sale of bonds this time will receive a good response. In investing with g overnment savings bonds. Source: Thai News Agency