7 Years (SB278A)– Scripless 

Fixed-coupon Bond at 2.22% per annum

45,000 Million Baht

August 26^th– September 11^th 2020

Individuals with Thai nationality, residency in Thailand, the Thai Red Cross Society, foundations, association, cooperative, temples, public educational institutions, public hospitals, and non-profit juristic person

(Ineligible Buyers herein include commercial bank, finance companies, security companies, credit fonciers, asset management companies, Insurance companies, the Goverment Pension Fund, provident funds, private funds managed by financial institution, mutual funds, group of persons or non-jiristic partnerships, private cotporations, Social Security Office, state enterprises, private companies, housing estate juristic persons, condominium juristic persons, private hospitals, private educational Institutes, cooperatives, and for-profit oranizations)

7-year savings bonds will be matured on Sep 11^th, 2027

On Feb 26^th and Aug 26^th every year until maturity; first interest payment is on Feb 26^th, 2021

Subscribe at internet banking, mobile application and bank counter of the Bangkok Bank Public Company Limited (BBL), Krung Thai Bank Public Company Limited (KTB), Kasikorn Bank Public Company Limited (Kbank), Siam Commercial Bank Public Company (SCB) from 8.30 a.m. on Aug 26^th 2020  until 3 p.m. on Sep 11^th 2020
For subscribing through internet banking and mobile application, the subscribers must apply for such service at the bank counter prior. Registered subscriber can purchase savings bond by following the instruction at any selling agent.

·        Subscription through Internet Banking , or Mobile Application : The agent bank will immediately debit the bondholders’ savings account.

·       Subscription through the bank counter: The subscriber can pay in cash or directly debit the bondholders’ savings account or a cashier cheque (Cheque Payment is not acceptable on September 11^th, 2020).

To be payable to “บัญชีจองซื้อพันธบัตรออมทรัพย์ของกระทรวงการคลัง รุ่นอายุ 7 ปี”

·        In case of paying by cash or debit bondholders’ savings account: If subscription made before 3 p.m. on working day, interest will be calculated from the date of purchase. For subscription made after 3 p.m. on working day or on weekends or the Bank of Thailand holidays, interest will be calculated from the next working day.

For the bondholders who subscribed via SCB branch must paid by cash or directly debit from SCB’s savings account that binding with MOF Savings Bond  Subscription Account.

In case of paying by cashier cheque: Cheque must be dated no later than the date of subscription and the interest will be calculated on the business day that the cheque is cleared. Please refer to the agent banks’ Terms and Conditions.

·      Internet Banking or Mobile Application: Bondholders will be informed successful transaction on the screen when the payment is completed.

·      The bank counter: Bondholders will get a confirmation of bond purchase.

New bondholders: They will receive a MOF bond book on the date of subscription or within two (2) working days later from the selling agent banks. (delivery time is not included)
The bondholders who already have the bond books: They can update their bond book after two (2) working days from the date of subscription.

Please contact the selling agent banks

·    Ownership Transfer or to sell a bond before maturity can be done since February 26^th, 2021.

·    Inheritance Transfer, to divide property in divorce, bankruptcy, to pledge bonds as debt settlement or collateral can be done after two (2) business days after subscription.

To request such a service may be charged as shown on the later page. For more Information, please find the Savings Bonds Prospectus. (Available at the agent banks)

The Bank of Thailand will deduct withholding tax each time from interest payment with the rate announced in the Revenue Code (For individuals, Interest income is subject to a withholding tax of 15% per year). Subscribers can obtain a withholding tax certificate by post or via the Internet, in case subscribers have already registered at Online Debt Securities Information Services. (www.bot.or.th --> Debt Securities )

The Bank of Thailand will automatically transfer principal to a bondholders’ deposit account (except for the special savings account and fixed deposit account) on the maturity date. In case of script bond, the Bank of Thailand will send the principal redemption form to bondholders before the maturity date and will repay principal after receiving the bond certificate from bondholders.