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KBank to offer government saving bonds and debentures

KASIKORNBANK (KBank) is open for the public to subscribe for “Government Savings Bonds – We Win” during February 5-15.  The bonds have maturities of 5 and 10 years with step up-coupon rates of 2.00 percent and 2.50 percent on average, respectively. 

For non-profit organizations, the bonds have a 15-year tenor with a fixed coupon rate of 1.80 percent.Subscription period for non-profit organizations is February 16-19. Investors are required to subscribe for the bonds at a minimum of 1,000 Baht, with no maximum limit. Throughout February, KBank will also offer debentures of four leading companies to the general public subscription.    

Thiti Tantikulanan, KBank Capital Markets Business Division Head, said that KBank will open for subscriptin the special “Rao Chana” (“We Win”) government savings bonds, issued by the Ministry of Finance for the 2021 fiscal year to raise funds for reinvigorating the economy and society presently reeling from the COVID-19 pandemic.

Investment in government saving bond is secure and offers returns based on the investment period. The government saving bonds’ coupon rates are more attractive than deposit interest rates.  

The minimum subscription of “We Win” government savings bonds is set at 1,000 Baht per investor, with no maximum limit. Coupons are paid twice per year, in February and August, until the bonds reach maturity. There are two subscription periods for three tranches of bonds, as follows: 

Period 1: February 5-15, 2021, for individuals with Thai nationality or Thai residency. The total issue amount via selling agent banks is 55,000 million Baht. First tranche: Five-year bonds, with the maturity date of February 5, 2026, and step-up coupon rate of 1.50 percent p.a. for the first and second year, 2.00 percent p.a. for the third and fourth year and 3 percent p.a. for the fifth year, or an average rate of 2.00 percent p.a. Second tranche: 10-year bonds, with the maturity date of February 5, 2031, and step-up coupon rate of 1.50 percent p.a. for the first year, 2.00 percent p.a. for the second and third year, 2.50 percent p.a. for the fourth to sixth year, and 3.00 percent for the seventh to tenth year, or an average rate of 2.50 percent p.a. 

Period 2: February 16-19, 2021, for only non-profit organizations. The issue amount shall be what is left over from the subscription of period 1. Third tranche: 15-year bonds, with the maturity date of February 5, 2036, and fixed coupon rate of 1.80 percent p.a. 

Customers can subscribe for the government savings bonds via KBank through the following channels: www.kasikornbank.com/kmyinvest (for individuals only), 24 hours a day, from February 5, 2021 at 8:30 a.m. to February 15, 2021 at 3:00 p.m., or via a KBank branch.For more information, please call the K-Contact Center at 02-888-8888, press 819. 

Throughout February 2021, KBank will also offer a selection of debentures for subscription, as follows: Debentures of True Corporation Public Company Limited” under subscription period of February 8 – February 10, 2021, with maturity periods of 2 years and 9 months – 5 years and 9 months, and interest rates of 3.30-4.50 percent; Debentures of Sansiri Public Company Limited under subscription period of February 15 – February 17, 2021, with maturity period of 3 years and 8 months, and interest rate of 4.20 percent; Debentures of Muangthai Capital Public Company Limited under subscription period of February 18 – February 19, and February 22, 2021, with maturity period of 2 years and interest rate of 2.95 percent, as well as 3 years and interest rate of 3.23 percent; and Debentures of Noble Development Public Company Limited under subscription period of February 22 – February 24, 2021, with maturity period of 3 years and interest rate of 4.50 percent. Customers can subscribe for any of the aforementioned debentures during the specified periods at the KBank website www.kasikornbank.com/kmyinvest or KBank branches. 

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