Krung Thai Bank Opens Digital USD Bond Investment Through Pao Tang App
Krung Thai Bank launches digital USD bonds through its Pao Tang app with a minimum investment of $1,000, featuring PTTEP bonds rated AAA with a 4.50% annual return and 5-year maturity. The offering, first in Asia, opens May 18-21 with a 24/
Krung Thai Bank has joined forces with PTTEP to launch digital USD bonds for everyday investors, with a minimum investment of just 1,000 US dollars and no upper limit. Ravintr Bunyanusat, head of the money and capital markets business at Krung Thai Bank, stated that on the occasion of the bank's 60th anniversary, it is committed to developing internationally-standard investment products and services that meet investors' needs across all dimensions. The bank is advancing investment capabilities through digital platforms by developing the USD Bond Wallet to broaden investment options for Thai people in US dollar-denominated assets, which currently attract significant investor interest. Thai investors can now conveniently access highly-credible digital USD bonds from Thai companies, with a secondary market supported by Krung Thai Bank operating 24/7 to enhance liquidity and investment management flexibility.
The digital USD bonds are being offered through the bond trading wallet on the Pao Tang app for the first time in Asia, giving Thai investors equal access to US dollar-denominated assets from companies with strong fundamentals and growth potential. This allows portfolio diversification and enhanced return opportunities with a minimum investment of 1,000 US dollars and no maximum limit. PTTEP's digital USD bonds have received a AAA credit rating with stable outlook from Tris Rating as of March 16, 2025—the highest rating available.
The bonds are unsubordinated, unsecured digital USD instruments with a 5-year maturity, a fixed interest rate of 4.50% per annum, and semi-annual interest payments. The offering is scheduled for May 18-21, 2025, exclusively through the bond trading wallet on Krung Thai Bank's Pao Tang app.
Prospective investors can prepare by: 1) Installing and registering the Pao Tang app; 2) Opening a bond trading wallet and completing a risk assessment; 3) Opening a foreign currency savings account with Krung Thai Bank or a Global Savings account on the Krungthai NEXT app and linking it to the bond trading wallet for interest and principal payments; 4) Exchanging USD into the Global Savings account to prepare for purchase.
Investors can exchange USD into their Global Savings account anytime across 24 hours and earn 2.25% annual interest while waiting to invest. Once invested in digital USD bonds, interest automatically transfers to the Global Savings account to sustain long-term investment growth. The company is currently submitting disclosure documents and a prospectus to the Securities and Exchange Commission (SEC). Investors can find more details at www.sec.or.th and www.krungthai.com or contact Krung Thai Bank at 02-111-1111.
