Wide range of bills from scib

The Nation

The annual interest rate for B/Es maturing in 12 months is 3.25 per cent, for six months 3.125 per cent, and for three months 3 per cent.

For one-month, 14-day and seven-day B/Es the rate is a uniform 2.5 per cent, according to the bank's statement. Subscriptions are taken through May 16 with a minimum purchase of Bt500,000 and a maximum of Bt100 million.

Even though the bank's B/Es are not guaranteed by the Financial Institutions Development Fund, they appear attractive for investors as their interest rates are better than for one-year government bonds. SCIB is also a stable financial institution.

According to the Thai Bond Market Association's website, the yield on a one-year government bond as of Monday was 3.2 per cent, while six-month treasury bills were offered at 3.12 per cent.

Bank of Ayudhya on April 21 offered nine-month non-transferable B/Es at 3 per cent.

PTT Exploration and Production on Monday launched Bt2 billion in B/Es to institutional investors and high net worth individuals.

The 91-day B/Es, which make up the first tranche of the Bt10-billion planned B/E issuance of PTTEP, carry an interest rate of 3.8 per cent.

The minimum purchase is Bt10 million.