UOB Thai has successfully
issued bills of exchange through its country-wide
branch network. The bills of exchange begin with values
of Bt500,000 and are for periods of three days to
three years. Interest rates range from 2.25 -3.00%.
Mr. Thanachai Thanachaiary, Senior Executive Vice
President, Personal Financial Services Group, UOB
Thai said that UOB Thai offers investors and the general
public an opportunity to buy bills of exchange via
the Bank’s 153 branches nation-wide.
The Bank’s bills of exchange
are for 3 days, 7 days, 14 days, 1 month, 2 months,
3 months, 6 months, 12 months, 24 months, 36 months
and any period that deems appropriate. The Bank has
established a minimum bill size of Bt500,000 which
is lower than bills issued by other financial institutions.
These bills offer better returns than normal Bank
deposits.
Bills of between Bt500,000
and 3 million and durations between 3 and 7 days will
receive 2.25% while bills of more than Bt3 million
(up to Bt20 million) for the same duration will receive
2.50%. Bills between Bt500,000 and Bt3 million with
durations of 14 days. 1 month, 2 months, 3 months
will be paid 2.75% while bills of more than Bt3 million
(up to Bt20 million) will receive a return of 3.00
%.
The Bank has previously
sold bills of exchange through its nationwide branch
network and realizes that the money market needs alternative
investment products that can be conveniently and easily
accessed.
Mr Thanachai said that the Bills of Exchanges offer
higher interest rates than normal deposits and are
an excellent way for any person or organization to
manage their money efficiently.
June 26, 2007
For More information,
please contact Corporate Affairs Division,
United Overseas Bank (Thai) Pcl.
Or Boonyaporn Vongbuikaw, Pornsin Chinoresyothin
Tel 0-2343-4965, 0-2343-4963
