Thai Bond Market Association
- Business News
Bond voyage: Political risks drive foreign exodus from Thai bonds
Increased political risks and the central bank’s reluctance to further cut interest rates are prompting the selling of Thai government bonds. Foreign investors have withdrawn over US$850 million from baht bonds this month, marking the largest monthly outflow since August last year, according to the Thai Bond Market Association. This trend is expected to continue, with investment firm Abrdn plc…
- Business News
Thai corporate bond issuance falls 14% amid market challenges
The issuance of new corporate bonds in Thailand dropped 14% to 704 billion baht (US$21 billion) in the first nine months of this year, as the market faced challenging conditions for fundraising. Bond issuers are waiting for interest rates to decline, according to the Thai Bond Market Association (ThaiBMA). Somjin Sornpaisarn, President of ThaiBMA, reported that the bond market’s total…
- Business News
Thai bond market bonds stronger, hits 17 trillion baht milestone
The Thai bond market reported a total outstanding value of 17 trillion baht (US$460 billion) in the first half of 2024, reflecting a 2.7% increase from the end of the previous year, as stated by the Thai Bond Market Association (ThaiBMA). Within this total, long-term corporate bonds accounted for 494 billion baht (US$13.4 billion), with the majority being investment-grade bonds…
- Business News
Thai bond defaults to stay below 1% in Q2, predicts ThaiBMA
The Thai Bond Market Association (ThaiBMA) forecasted a low probability of bond defaults in the forthcoming second quarter, with the total default value expected to fall below 1% of the entire outstanding market value. Ariya Tiranaprakit, Executive Vice President of ThaiBMA, revealed that the trend of deferring bond payments gained traction in the aftermath of the pandemic, largely induced by…
