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[Mobi]

I’m looking to invest in Thai government bonds and would greatly appreciate some guidance as I’m a bit of a novice at this.

Looking at the K Bank website:

(http://www.kasikornbank.com/EN/RatesAndFees/SecondaryBondTrading/Pages/SecondaryBondTrading.aspx)

under ‘Secondary Bond Trading’, they quote Bid /offer price during 16-18 April 2014.

They then list Bank of Thailand and Ministry of Finance bonds, quoting the Bid Prices, but the offer prices and yield are only ‘available upon request.’

· Why is the period quoted 16-18^th April when it is now 5^th June? When is the current period going to be published?

· How can I know which of the bonds are in the ex-coupon period? Is interest paid annually?

· Is there any website that will tell me the current yield?

· Will they deduct 15% withholding tax and is it recoverable? (I am retired on a pension income)

I have my Thai Baht funds at K Bank so it would be convenient to make the bond purchases through their bank, but is this the best way to go?

I assume the these bonds are a pretty safe investment, always assuming the Thai economy doesn’t suddenly crash or civil war breaks out, in which case even my deposits would be at risk.

Any comments or advice from those who have purchased government bonds would be greatly appreciated.

Many thanks

Mobi

[HUAHIN62]

Would advise you to speak to good financial advisor. We could be on the eve of higher bond yields and you could lose out, but that is my personnal view. Recently the "government" had to use bank loans to finance the rice payments. The normal route would have been government bonds, but I saw that they canceled a bond auction in late May. In normal times its extremely difficult to get in on bond buying unless you are connected at your bank or have a good broker.

[johnopolo]

I don't know anything about the secondary market but I invested in a direct subscription of Government Bonds a couple of years ago. Bangkok Bank are the government appointed agents for these bonds and there is an offering available right now. Here are the details:

http://bangkokbank.com/BangkokBank/PersonalBanking/BuildYourWealth/InvestmentsAndDeposits/Bonds/Pages/Bonds57.aspx

Interest is payable twice a year and withholding tax of 15% is deducted. If you aren't above the tax refund limit, then you can easily claim a refund of tax deducted - up to a maximum of 200000 of taxable income which translates to a maximum refund of 30000 any one tax year.

[Strangebrew]

Need advice I wouldn't buy any bonds from Thailand there money mangement skills are seriously Lacking. They have a way of shall we say over rating there Value The rice scam comes to mind I would suggest Tennese Valley Electrical bonds I think there call in The US good returns and proven track record And good solid backing. Check online brokers based in the US.

[samran]

Need advice I wouldn't buy any bonds from Thailand there money mangement skills are seriously Lacking. They have a way of shall we say over rating there Value The rice scam comes to mind I would suggest Tennese Valley Electrical bonds I think there call in The US good returns and proven track record And good solid backing. Check online brokers based in the US.

And you've been to the public debt management office and asked them about their defaults have you?

[kinmaew]

why on earth would you buy Thai bonds when you can buy them in your home country and sleep at night your money is safe.

[snottgoblin]

Need advice I wouldn't buy any bonds from Thailand there money mangement skills are seriously Lacking. They have a way of shall we say over rating there Value The rice scam comes to mind I would suggest Tennese Valley Electrical bonds I think there call in The US good returns and proven track record And good solid backing. Check online brokers based in the US.

And you've been to the public debt management office and asked them about their defaults have you?

Good response Samran, some should check before they post.

[AyG]

I don't know anything about the secondary market but I invested in a direct subscription of Government Bonds a couple of years ago. Bangkok Bank are the government appointed agents for these bonds and there is an offering available right now. Here are the details:

http://bangkokbank.com/BangkokBank/PersonalBanking/BuildYourWealth/InvestmentsAndDeposits/Bonds/Pages/Bonds57.aspx

Interest is payable twice a year and withholding tax of 15% is deducted. If you aren't above the tax refund limit, then you can easily claim a refund of tax deducted - up to a maximum of 200000 of taxable income which translates to a maximum refund of 30000 any one tax year.

Only available to those with Permanent Residence. Discussed elsewhere on this site recently.

[fletchsmile]

Looks like another out of date bank website

1) TBDA - For pricing, and generally understanding more of the Thai bond market, the following link is a good start to browse as a website

http://www.thaibma.or.th/bond_info.html

2) SET- For more product knowledge on Thai bonds, as a start:

http://www.set.or.th/en/products/bonds/bonds_p1.html

http://www.set.or.th/en/products/bonds/files/bond_knowledge_eng.pdf

http://www.set.or.th/en/products/financial/financial_instruments.html

3) SEC

http://www.sec.or.th/EN/RaisingFunds/EquityDebt/Pages/Regulatory-Principles-Objectives.aspx

Cheers

Fletch

Edited June 5, 2014 by fletchsmile

[johnopolo]

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I don't know anything about the secondary market but I invested in a direct subscription of Government Bonds a couple of years ago. Bangkok Bank are the government appointed agents for these bonds and there is an offering available right now. Here are the details:

http://bangkokbank.com/BangkokBank/PersonalBanking/BuildYourWealth/InvestmentsAndDeposits/Bonds/Pages/Bonds57.aspx

Interest is payable twice a year and withholding tax of 15% is deducted. If you aren't above the tax refund limit, then you can easily claim a refund of tax deducted - up to a maximum of 200000 of taxable income which translates to a maximum refund of 30000 any one tax year.

Only available to those with Permanent Residence. Discussed elsewhere on this site recently.

Wow! What a bonus: I never even applied for Permanent Residence. Must come as a perk for supporting the Bond Issue - I can't wait for my Permit to arrive. Spread the word AyG, I'm sure a lot of people would like to get Permanent Residence without even applying for it.

[johnopolo]

Looks like another out of date bank website

1) TBDA - For pricing, and generally understanding more of the Thai bond market, the following link is a good start to browse as a website

http://www.thaibma.or.th/bond_info.html

2) SET- For more product knowledge on Thai bonds, as a start:

http://www.set.or.th/en/products/bonds/bonds_p1.html

http://www.set.or.th/en/products/bonds/files/bond_knowledge_eng.pdf

http://www.set.or.th/en/products/financial/financial_instruments.html

3) SEC

http://www.sec.or.th/EN/RaisingFunds/EquityDebt/Pages/Regulatory-Principles-Objectives.aspx

Cheers

Fletch

"Looks like another out of date bank website "

Perhaps if you poked the link with your wand it'll become a current Bank link ......

Edited June 5, 2014 by johnopolo

[meatboy]

cant help you much,brook bonds pg.tips are all I know about,and they were for chimps.

anyway mobi hows your health after your op.

taffy.

[AyG]

<script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script>

I don't know anything about the secondary market but I invested in a direct subscription of Government Bonds a couple of years ago. Bangkok Bank are the government appointed agents for these bonds and there is an offering available right now. Here are the details:

http://bangkokbank.com/BangkokBank/PersonalBanking/BuildYourWealth/InvestmentsAndDeposits/Bonds/Pages/Bonds57.aspx

Interest is payable twice a year and withholding tax of 15% is deducted. If you aren't above the tax refund limit, then you can easily claim a refund of tax deducted - up to a maximum of 200000 of taxable income which translates to a maximum refund of 30000 any one tax year.

Only available to those with Permanent Residence. Discussed elsewhere on this site recently.

Wow! What a bonus: I never even applied for Permanent Residence. Must come as a perk for supporting the Bond Issue - I can't wait for my Permit to arrive. Spread the word AyG, I'm sure a lot of people would like to get Permanent Residence without even applying for it.

The bonds you bought a couple of years ago were different bonds. It's perfectly possible that the conditions have changed and that PR was not a requirement when you purchased the old issue.

For the current issue you provided a link to, as an individual you have have a Thai ID card. (See "Required Documents" section on the link you provided.) Ergo you have to be a Thai national or have permanent residence to apply.

And no, they won't accept a passport as alternative. I've asked them.

This was discussed previously at http://www.thaivisa.com/forum/topic/730334-ministry-of-finance-savings-bonds-325/

[Mobi]

why on earth would you buy Thai bonds when you can buy them in your home country and sleep at night your money is safe.

Because the money I want to invest is in Thai Baht in a Thai Bank account....

[Mobi]

I don't know anything about the secondary market but I invested in a direct subscription of Government Bonds a couple of years ago. Bangkok Bank are the government appointed agents for these bonds and there is an offering available right now. Here are the details:

http://bangkokbank.com/BangkokBank/PersonalBanking/BuildYourWealth/InvestmentsAndDeposits/Bonds/Pages/Bonds57.aspx

Interest is payable twice a year and withholding tax of 15% is deducted. If you aren't above the tax refund limit, then you can easily claim a refund of tax deducted - up to a maximum of 200000 of taxable income which translates to a maximum refund of 30000 any one tax year.

Only available to those with Permanent Residence. Discussed elsewhere on this site recently.

I don't question what you are saying, but a friend here, who definitely does not have PR, has Thai government bond investments which were bought through K Bank.

I will check back with him for more details.

[AyG]

I don't know anything about the secondary market but I invested in a direct subscription of Government Bonds a couple of years ago. Bangkok Bank are the government appointed agents for these bonds and there is an offering available right now. Here are the details:

http://bangkokbank.com/BangkokBank/PersonalBanking/BuildYourWealth/InvestmentsAndDeposits/Bonds/Pages/Bonds57.aspx

Interest is payable twice a year and withholding tax of 15% is deducted. If you aren't above the tax refund limit, then you can easily claim a refund of tax deducted - up to a maximum of 200000 of taxable income which translates to a maximum refund of 30000 any one tax year.

Only available to those with Permanent Residence. Discussed elsewhere on this site recently.

I don't question what you are saying, but a friend here, who definitely does not have PR, has Thai government bond investments which were bought through K Bank.

I will check back with him for more details.

I have no idea what your story actually is, but these specific bonds are only available to those with PR or are Thai nationals.

In context, it's absolutely irrelevant whether someone without PR bought similar bonds in the past or has recently bought different bonds.

Of course foreigners can buy Thai bonds - just not these particular ones.

[Mobi]

I don't know anything about the secondary market but I invested in a direct subscription of Government Bonds a couple of years ago. Bangkok Bank are the government appointed agents for these bonds and there is an offering available right now. Here are the details:

http://bangkokbank.com/BangkokBank/PersonalBanking/BuildYourWealth/InvestmentsAndDeposits/Bonds/Pages/Bonds57.aspx

Interest is payable twice a year and withholding tax of 15% is deducted. If you aren't above the tax refund limit, then you can easily claim a refund of tax deducted - up to a maximum of 200000 of taxable income which translates to a maximum refund of 30000 any one tax year.

Only available to those with Permanent Residence. Discussed elsewhere on this site recently.

I don't question what you are saying, but a friend here, who definitely does not have PR, has Thai government bond investments which were bought through K Bank.

I will check back with him for more details.

I have no idea what your story actually is, but these specific bonds are only available to those with PR or are Thai nationals.

In context, it's absolutely irrelevant whether someone without PR bought similar bonds in the past or has recently bought different bonds.

Of course foreigners can buy Thai bonds - just not these particular ones.

My apologies.

He told me 'government bonds' but I have checked back and now find that they are bonds Issued by Kasikorn Asset Management. He has a number of them with guaranteed, fixed interest returns, net of tax.

Does anyone have knowledge of this? I have had a quick Google but can't seen to find these fixed interest instruments.

Anyone?

[Naam]

My apologies.

He told me 'government bonds' but I have checked back and now find that they are bonds Issued by Kasikorn Asset Management. He has a number of them with guaranteed, fixed interest returns, net of tax.

Does anyone have knowledge of this? I have had a quick Google but can't seen to find these fixed interest instruments.

Anyone?

Kasikorn as well as Siam Commercial bundle some short maturity offshore bonds (8-10 different ones) which yield an average of 4-5%, take care of the taxes, pay the investor a meager 3-3.25% and make a bundle for themselves by pocketing the difference. as simple as that.

[Mobi]

My apologies.

He told me 'government bonds' but I have checked back and now find that they are bonds Issued by Kasikorn Asset Management. He has a number of them with guaranteed, fixed interest returns, net of tax.

Does anyone have knowledge of this? I have had a quick Google but can't seen to find these fixed interest instruments.

Anyone?

Kasikorn as well as Siam Commercial bundle some short maturity offshore bonds (8-10 different ones) which yield an average of 4-5%, take care of the taxes, pay the investor a meager 3-3.25% and make a bundle for themselves by pocketing the difference. as simple as that.

Still better than leaving it on deposit. What else can I do with Thai currency that's risk free?

[bander]

Try fixed deposit in Myanmar (Burma) with 10% interest in 1 year.

http://www.kbzbank.com/en/retail-banking/deposit-products/fixed-deposit-account.html

[falang07]

Try fixed deposit in Myanmar (Burma) with 10% interest in 1 year.

http://www.kbzbank.com/en/retail-banking/deposit-products/fixed-deposit-account.html

and risk loosing 20% on the exchange rate or the full amount should the bank go bankrupt

Edited June 9, 2014 by falang07