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Long-term corporate bond issuance will likely reach 1 trillion baht this year as the private sector seeks funds to expand business and enhance liquidity, according to the Thai Bond Market Association (TBMA).
TBMA upgrades bond issuance outlook to B900bn published : 9 Jul 2021 at 09:00 The Thai Bond Market Association (TBMA) upgraded its projection for corporate bond issuance this year to 900 billion baht from 700-750 billion as private companies seek to replenish capital reserves amid economic uncertainties, says TBMA president Tada Phutthitada. The value of corporate bond issuance in the first half stood at 552 billion baht, up 63% compared with the same period last year, with the value in the second half projected to exceed 400 billion. "The third wave of the pandem...
The Thai Bond Market Association (TBMA) expects the policy interest rate will remain at 0.5% throughout 2021, while issuance of new long-term corporate bonds is projected at 700-750 billion baht as the real sector turns to bank loans, says TBMA president Tada Phutthitada. Mr Tada said the key concern for businesses is their inability to access funding sources, not a lack of liquidity that can be eased by policy rate adjustments. "The country's liquidity is sufficient to finance the government's megaprojects. We expect no more foreign capital inflows to the bond market this year," he said. "We...
* Policy rate seen at record low 0.50% this year, liquidity high
Foreign investors seen shunning Thai bonds amid low returns 4 published : 13 Jan 2021 at 15:29 4 Foreign investors are expected to keep steering clear of the Thai bond market in 2021 after two years of selling due to low returns, while the country's benchmark interest rate is unlikely to fall further this year, an industry body said on Wednesday. Other global risk assets offered quicker and higher returns, including stocks and Bitcoin, particularly given the US dollar is expected to weaken, Tada Phutthitada, president of the Thai Bond Market Association (TBMA), to...