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Primary Market |
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Minimum investment 500,000 THB
Bonds issued according to a fixed interval schedule (time frame of 7-14 days for each type of bond)
Selling price likely to be equal to face value
Pre-order available at all branches nationwide
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Secondary Market |
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a. Minimum investment from 1-5 million THB
b. Available on working days at all branches nationwide
c. Selling price not equal to face value of the bond
d. Short-term bonds (less than a year)
Classification
- Treasury Bills
Treasury bills are government-issued short-term instruments, bearing a validity time frame of 28,91 and 182 days for instance. No fixed interest rate whatsoever is stated on the instrument, which will be issued and settled with a discounted price. The rightful owner is entitled the full value of the bill upon reaching maturity date.
- Central Bank Bonds
Central bank bonds are similar in nature to treasury bills, whereas the instrument is in this instance issued by the Bank of Thailand. Validity period available are 182 and 365 days. No fixed interest rate whatsoever is stated on the instrument, which will be issued and settled with a discounted price. The rightful owner is entitled the full value of the bill upon reaching maturity date.
Taxes applied on the premises
- Natural Persons: Bank subtract taxes on the premises from the day the investment is made - rate applied is 15% of the discount
- Juristic Persons: Bank does not subtract taxes; the corporation is requested to aggregate the revenue for overall accounting purposes so as to proceed with annual tax clearance (end of year acquittal)
e. Medium-Long Term Bonds (more than a year)
- Government Bonds
Government Bonds are instruments issued by the Treasury Department, bearing a validity time frame of 1-20 years. Interest rate is charged twice a year, while quittance is executed once upon reaching maturity date for retrieval.
- State Enterprise Bonds
State enterprise bonds are instrument issued by state enterprises, usually endorsed by the Treasury Department. Interest rate is returned twice a year, while quittance is executed once upon reaching maturity date for retrieval. Interest return for state enterprises bonds is higher than the one offered by government bonds, as the liquidity of the instrument is somewhat different.
f. Buying-Selling Price
(Link with Krungsri.net)
g. Requested Documents (Please authenticate each document with signatures)
For Natural Persons
1) Copy of ID card
2) Copy of Savings Account Passbook (1st page)
For Juristic Persons
1) Copy of Certification by the Commerce Department
2) Sample of Authorized Endorser (Director) signature(s) and copy of ID cards
3) Power of Attorney (if any)
h. Settlement Options
1) Cash, account debit on the day the interest rate is applied (within 15:30)
2) Cashier cheques, personal cheques - dated 1-2 working days in advance prior to interest rate application date (within 12:00); specify payee as "Bond Buying-Selling Account, Finance Department" - A/C number 777-0-02477-6
3) Funds transfer thru BathNet on the day the interest rate is applied (within 12:00)
A/C number 001-00396-00
A/C BANK OF AYUDHYA
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1222 Rama III Road, Bang Phongphang, Yan Nawa, Bangkok 10120 Thailand
Telephone: (662) 296-2000 press 1572, Email : webmaster@krungsri.com |
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