Picture courtesy of prachachat
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.
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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 outstanding value reached 17.2 trillion baht (US$515 billion), marking a 3.9% increase from the previous year, driven by a 600 billion baht (US$18 billion) rise in government-issued debt instruments. However, the outstanding value of long-term corporate bonds decreased by 2.8% to 4.7 trillion baht (US$140 billion).
The issuance of corporate bonds fell from nearly 818 billion baht (US$24.5 billion) at the end of 2023, reflecting a significant decline.
Ariya…