Debt Securities Sales to Individuals

This is a sales channel in the primary market for savings bonds including government savings bonds, the Bank of Thailand (BOT) savings bonds, and Financial Institutions Development Fund (FIDF) savings bonds. For the government savings bonds, the BOT and the Ministry of Finance will collaborate in designating selling agents, specifying eligible buyers, and determining offered amount, tenor, coupon rate as well as other conditions. For the BOT savings bonds and FIDF savings bonds, the BOT and FIDF will, on their own, designate selling agents, specify eligible buyers, and determine offered amount, tenor, coupon rate as well as other conditions.

Current Sales
Savings Bonds’ Coupon Rate
Bond Information Classified by Fiscal Year
The Bank of Thailand Savings Bonds Information
Financial Institutions Fund Savings Bonds Information
Prospectus
News

In the past, the selling of newly issued savings bonds to the general public in the primary market was conducted by the Bank of Thailand and the Provincial Treasury Offices nationwide. Recently, however, some commercial banks and the Government Savings Bank have been authorized to be selling agents with the Bank of Thailand being responsible for supervising the sales, ownership registration and issuing the physical bond certificate.

In addition to purchasing bonds in the primary market, investors can also buy or sell bonds in the secondary market. In the open market or over-the-counter (OTC) market, buyers and sellers can negotiate directly with one another. They can also trade bonds with financial institutions that provide bid and offer quotes in the “Bond Mart”. The list of these institutions is available at the Thai Bond Market Association website http://www.thaibond.com/contactlist.htm. The agreed price may be higher or lower than the face value of the bond depending on the prevailing yield at the time of trade, the time to maturity of the bond, and the coupon rate of the bond. Those interested in trading the bond should compare the bid-offer quotes from several financial institutions. In addition, the yield curve may be used in assessing the bond prices. Additional information can be found at the Thai Bond Market Association website http://www.thaibma.or.th or http://www.thaibond.com

Besides trading in the OTC market, investors can trade bonds through the Bond Electronic Exchange (BEX). All debt securities including government and corporate debt securities, international financial institutions’ debt securities, and debt securities issued under the Asian Bond Fund can be traded via the BEX. Investors wishing to trade debt securities via the BEX have to open securities account with member or brokerage companies. Investors can place order through member or brokerage companies, who in turn, enter the order into BEX’s trading platform and notify the result to the investors. Additional information is available at the BEX website http://www.bex.or.th/th/index.html.