Mid Posted August 15, 2007 Share Posted August 15, 2007 BoT to issue Bt40 bn worth of savings bonds Wed, August 15, 2007 : Last updated 15:49 hours The Bank of Thailand will issue savings bonds worth a total of Bt40 billion to be an alternative of saving and to absorb liquidity in the financial system, said the central bank's governor, Tarisa Watanagase, on Wednesday. The bonds will have maturities of four years and seven years and the interest would be based on the four years and seven years maturity of the government bond yields, plus the spread of not over 15 per cent of the yield. The savings bonds, which are aimed at the individuals, will be open for subscription from August 27 to September 4. The minimum subscription value per person is Bt50,000. -The Nation Link to comment Share on other sites More sharing options...
soundman Posted August 15, 2007 Share Posted August 15, 2007 BoT to issue Bt40 bn worth of savings bondsWed, August 15, 2007 : Last updated 15:49 hours The Bank of Thailand will issue savings bonds worth a total of Bt40 billion to be an alternative of saving and to absorb liquidity in the financial system, said the central bank's governor, Tarisa Watanagase, on Wednesday. The bonds will have maturities of four years and seven years and the interest would be based on the four years and seven years maturity of the government bond yields, plus the spread of not over 15 per cent of the yield. The savings bonds, which are aimed at the individuals, will be open for subscription from August 27 to September 4. The minimum subscription value per person is Bt50,000. -The Nation Don't know very much about the bond market or "maturity of the government bond yields", however, that to me sounds suspiciously like we won't tell you how much we are going to offer as a percentage rate until you have signed on the dotted line & handed over your cash. Maybe this issue will go the way of the recent issue that no one wanted to suscribe to because of the lower than market rate of interest rate offered....... Link to comment Share on other sites More sharing options...
Carmine6 Posted August 15, 2007 Share Posted August 15, 2007 BoT to issue Bt40 bn worth of savings bondsWed, August 15, 2007 : Last updated 15:49 hours The Bank of Thailand will issue savings bonds worth a total of Bt40 billion to be an alternative of saving and to absorb liquidity in the financial system, said the central bank's governor, Tarisa Watanagase, on Wednesday. The bonds will have maturities of four years and seven years and the interest would be based on the four years and seven years maturity of the government bond yields, plus the spread of not over 15 per cent of the yield. The savings bonds, which are aimed at the individuals, will be open for subscription from August 27 to September 4. The minimum subscription value per person is Bt50,000. -The Nation Don't know very much about the bond market or "maturity of the government bond yields", however, that to me sounds suspiciously like we won't tell you how much we are going to offer as a percentage rate until you have signed on the dotted line & handed over your cash. Maybe this issue will go the way of the recent issue that no one wanted to suscribe to because of the lower than market rate of interest rate offered....... I don't know how good a translation that article is but it looks like the bonds would yield what the same maturity government bonds yield plus a premium. Can't quite make out the Bank of Thailand's website, but I think the bonds in question might have a coupon of 4.25% or 5.25%. The coupon rate is basically a guideline since the bonds can end up selling for less or more than face value if interest rates change. Looks like recent auctions for similar term bonds have gone between 4.3% to 5.1% effective yield. That's not bad if they then throw a little extra yield on top of it. Link to comment Share on other sites More sharing options...
Mid Posted August 28, 2007 Author Share Posted August 28, 2007 Demand of central bank's bond reaches Bt87 bn Tue, August 28, 2007 : Last updated 17:59 hours The Bank of Thailand will issue total of Bt87 billion worth of saving bonds to match all the demands of the subscribers, said its senior director Pongpen Ruengvirayudh on Tuesday.The subscription reached total of Bt87 billion in value on Tuesday, the last day of the subscription. Previously the central bank had planned to issue Bt40 billion bonds, which were opened for subscription on Monday and were oversubscribed. The BOT announced on Monday that a total of Bt75 billion worth of saving bonds were booked. nationmultimedia.com Link to comment Share on other sites More sharing options...
Carmine6 Posted August 28, 2007 Share Posted August 28, 2007 Demand of central bank's bond reaches Bt87 bnTue, August 28, 2007 : Last updated 17:59 hours The Bank of Thailand will issue total of Bt87 billion worth of saving bonds to match all the demands of the subscribers, said its senior director Pongpen Ruengvirayudh on Tuesday.The subscription reached total of Bt87 billion in value on Tuesday, the last day of the subscription. Previously the central bank had planned to issue Bt40 billion bonds, which were opened for subscription on Monday and were oversubscribed. The BOT announced on Monday that a total of Bt75 billion worth of saving bonds were booked. nationmultimedia.com Wow Link to comment Share on other sites More sharing options...
Mid Posted August 28, 2007 Author Share Posted August 28, 2007 yep , cash sloshing about everywhere ........................... Link to comment Share on other sites More sharing options...
Wekhin Posted August 28, 2007 Share Posted August 28, 2007 BoT to issue Bt40 bn worth of savings bondsWed, August 15, 2007 : Last updated 15:49 hours The Bank of Thailand will issue savings bonds worth a total of Bt40 billion to be an alternative of saving and to absorb liquidity in the financial system, said the central bank's governor, Tarisa Watanagase, on Wednesday. The bonds will have maturities of four years and seven years and the interest would be based on the four years and seven years maturity of the government bond yields, plus the spread of not over 15 per cent of the yield. The savings bonds, which are aimed at the individuals, will be open for subscription from August 27 to September 4. The minimum subscription value per person is Bt50,000. -The Nation Don't know very much about the bond market or "maturity of the government bond yields", however, that to me sounds suspiciously like we won't tell you how much we are going to offer as a percentage rate until you have signed on the dotted line & handed over your cash. Maybe this issue will go the way of the recent issue that no one wanted to suscribe to because of the lower than market rate of interest rate offered....... I don't know how good a translation that article is but it looks like the bonds would yield what the same maturity government bonds yield plus a premium. Can't quite make out the Bank of Thailand's website, but I think the bonds in question might have a coupon of 4.25% or 5.25%. The coupon rate is basically a guideline since the bonds can end up selling for less or more than face value if interest rates change. Looks like recent auctions for similar term bonds have gone between 4.3% to 5.1% effective yield. That's not bad if they then throw a little extra yield on top of it. Interest rates for 4-yr bond and 7-yr bond are 4.25% and 5%, and to be paid semi-annually. Link to comment Share on other sites More sharing options...
chickencurry Posted August 29, 2007 Share Posted August 29, 2007 BoT to issue Bt40 bn worth of savings bondsWed, August 15, 2007 : Last updated 15:49 hours The Bank of Thailand will issue savings bonds worth a total of Bt40 billion to be an alternative of saving and to absorb liquidity in the financial system, said the central bank's governor, Tarisa Watanagase, on Wednesday. The bonds will have maturities of four years and seven years and the interest would be based on the four years and seven years maturity of the government bond yields, plus the spread of not over 15 per cent of the yield. The savings bonds, which are aimed at the individuals, will be open for subscription from August 27 to September 4. The minimum subscription value per person is Bt50,000. -The Nation Don't know very much about the bond market or "maturity of the government bond yields", however, that to me sounds suspiciously like we won't tell you how much we are going to offer as a percentage rate until you have signed on the dotted line & handed over your cash. Maybe this issue will go the way of the recent issue that no one wanted to suscribe to because of the lower than market rate of interest rate offered....... I don't know how good a translation that article is but it looks like the bonds would yield what the same maturity government bonds yield plus a premium. Can't quite make out the Bank of Thailand's website, but I think the bonds in question might have a coupon of 4.25% or 5.25%. The coupon rate is basically a guideline since the bonds can end up selling for less or more than face value if interest rates change. Looks like recent auctions for similar term bonds have gone between 4.3% to 5.1% effective yield. That's not bad if they then throw a little extra yield on top of it. Interest rates for 4-yr bond and 7-yr bond are 4.25% and 5%, and to be paid semi-annually. can anyone buy them and how do you go about it? Link to comment Share on other sites More sharing options...
Carmine6 Posted August 29, 2007 Share Posted August 29, 2007 BoT to issue Bt40 bn worth of savings bondsWed, August 15, 2007 : Last updated 15:49 hours The Bank of Thailand will issue savings bonds worth a total of Bt40 billion to be an alternative of saving and to absorb liquidity in the financial system, said the central bank's governor, Tarisa Watanagase, on Wednesday. The bonds will have maturities of four years and seven years and the interest would be based on the four years and seven years maturity of the government bond yields, plus the spread of not over 15 per cent of the yield. The savings bonds, which are aimed at the individuals, will be open for subscription from August 27 to September 4. The minimum subscription value per person is Bt50,000. -The Nation Don't know very much about the bond market or "maturity of the government bond yields", however, that to me sounds suspiciously like we won't tell you how much we are going to offer as a percentage rate until you have signed on the dotted line & handed over your cash. Maybe this issue will go the way of the recent issue that no one wanted to suscribe to because of the lower than market rate of interest rate offered....... I don't know how good a translation that article is but it looks like the bonds would yield what the same maturity government bonds yield plus a premium. Can't quite make out the Bank of Thailand's website, but I think the bonds in question might have a coupon of 4.25% or 5.25%. The coupon rate is basically a guideline since the bonds can end up selling for less or more than face value if interest rates change. Looks like recent auctions for similar term bonds have gone between 4.3% to 5.1% effective yield. That's not bad if they then throw a little extra yield on top of it. Interest rates for 4-yr bond and 7-yr bond are 4.25% and 5%, and to be paid semi-annually. can anyone buy them and how do you go about it? Looks like too late to get in. Was a limited program. Link to comment Share on other sites More sharing options...
samran Posted August 29, 2007 Share Posted August 29, 2007 Looks like too late to get in. Was a limited program. you should contact your local bank, as they were the ones authorised to retail the bonds. Link to comment Share on other sites More sharing options...
Mid Posted August 29, 2007 Author Share Posted August 29, 2007 CURRENCY ACT / CLEARING THE FIDF BURDEN Minister says law must change for debt to be repaid WICHIT CHANTANUSORNSIRI Wednesday August 29, 2007 Failure to amend the Currency Act would effectively close the door on future repayment of the Financial Institutions Development Fund's debts of 1.33 trillion baht, says Finance Minister Chalongphob Sussangkarn. snip But the principal of the three bond programmes has barely been dented. As of the end of last year, debt under the first programme of 500 billion baht had declined by just 31.6 billion. Repayments of the other two bond programmes has been similarly small due to a lack of profits at the central bank. snip The Post Publishing Public Co. Link to comment Share on other sites More sharing options...
Wekhin Posted August 29, 2007 Share Posted August 29, 2007 BoT to issue Bt40 bn worth of savings bondsWed, August 15, 2007 : Last updated 15:49 hours The Bank of Thailand will issue savings bonds worth a total of Bt40 billion to be an alternative of saving and to absorb liquidity in the financial system, said the central bank's governor, Tarisa Watanagase, on Wednesday. The bonds will have maturities of four years and seven years and the interest would be based on the four years and seven years maturity of the government bond yields, plus the spread of not over 15 per cent of the yield. The savings bonds, which are aimed at the individuals, will be open for subscription from August 27 to September 4. The minimum subscription value per person is Bt50,000. -The Nation Don't know very much about the bond market or "maturity of the government bond yields", however, that to me sounds suspiciously like we won't tell you how much we are going to offer as a percentage rate until you have signed on the dotted line & handed over your cash. Maybe this issue will go the way of the recent issue that no one wanted to suscribe to because of the lower than market rate of interest rate offered....... I don't know how good a translation that article is but it looks like the bonds would yield what the same maturity government bonds yield plus a premium. Can't quite make out the Bank of Thailand's website, but I think the bonds in question might have a coupon of 4.25% or 5.25%. The coupon rate is basically a guideline since the bonds can end up selling for less or more than face value if interest rates change. Looks like recent auctions for similar term bonds have gone between 4.3% to 5.1% effective yield. That's not bad if they then throw a little extra yield on top of it. Interest rates for 4-yr bond and 7-yr bond are 4.25% and 5%, and to be paid semi-annually. can anyone buy them and how do you go about it? As per some local newpapers, The BOT is considering to raise the issuance to 100,000 M., no final decision yet. The bonds were sold through banks. At those rates, you have to be quick if they decide to raise the amount. Link to comment Share on other sites More sharing options...
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