Siam Commercial Bank to offer govt savings bonds

SCB takes part in the government's economic action plan by offering government savings bonds on 13 to 17 July and 20 to 21 July.

The Thai government savings bonds will be issued in a total amount US$1.467 billion, and will carry a term of five years. They will be available for subscription at US$293 per bond, with a minimum purchase amount of US$293. Sales will be divided into three stages; with US$440 million available on 13 to 14 July for those aged 60 years or over, US$440 million available on 15 to 16 July for the general public, including those aged 60 years or over, and US$587 million available on 17 July and 20 to 21, for both the general public and those aged 60 years or over. However, during the first two stages, subscription will be limited to only one form per person, with amounts not exceeding US$29,351.

"It is our pleasure to take part in the government's 'Thai Khem Khang' savings bond offering. With its strong desire to support the government's economic stimulus plan, the service will be provided to the government free of charge. We truly believe that our dominant position in terms of the most extensive branch network, state-of-the-art technology, and capable branch staff will be integral to successful distribution of the bond," said Siam Commercial Bank President Kannikar Chalitaporn.