European Bond 1922 (B.E. 2465)

Authorized by

The Royal Rescript dated 24 December B.E. 2464

Objectives

To finance railroad construction projects, irrigation projects, and other social services, as well as to strengthen the treasury reserve

Denominations

100 Pound sterling, 20,000 Bonds

Coupon rate

7% Per annum

Tenor

40 Years

Form of issue

Bearer

Issue amount

2,000,000 Pound sterling

Issue date

2 January B.E. 2465

Redemption

1) Maturity date 1 March2505
2) Redemption by annual drawings in accordance with the amortization table, starting from 1 March2470
3) All the principal remaining can be redeemed after 10 years starting from the issue date, which the Government did redeem all the principal in 2475 because of high coupon rate of the bond.