SCIB ready to roll out bonds on 13 July

BANGKOK, 7 July 2009 (NNT) – Siam City Bank Public Company Limited (SCIB)’s President Chaiwat Uthaiwan informed that his bank was about to launch a lot of saving bonds under the government’s Thai Khem Khaeng ( Strong Thailand) program on 13 July.

Mr. Chaiwat said the bank was ready to offer the bonds to the public on the specified date and time as it had already sold off debentures to more than 4,500 customers. With the completion of the debenture distribution, he said his bank was not too busy to prepare the allocation of the bonds to the public.

Mr. Chaiwat said there would be no advance reservations, and purchasers would have to make their payments on the distributing date. He said the method was aimed to distribute the bonds to the public members, who are eligible in accordance with the qualifications, defined by the Ministry of Finance.