15 January 2026
Service Manager :  Sineerat (0-2257-0357 # 301)
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Bond Market Overview
 
Background
The Thai bond market has grown rapidly in recent years after the 1997's economic crisis. To help support cash-strapped financial institutions, in June1998 the government issued government bonds for the first time in the decade. The total amount of government bonds issued under this program was THB 500 billion and this has opened a new era for the Thai bond market. The government continued to issue bonds since then with the primary objective to finance budget deficit resulted from the crisis. The substantial amount of new government bonds coupled with successively downtrend of interest rates have contributed to the robust of the bond market as evidenced by a significant increase in both market size and trading volume. The outstanding value of total bond market increased from THB 547 billion in 1996 to 498 issues worth THB 1,507 billion at the end of 2001. Trading volume in the secondary market rose from a daily average of only THB 822 million in 1996 to THB 6,472 million in 2001.
Remark: 1. Data excludes FX Bond.
2. The yield on Inflation-linked bond is a real yield to maturity.

Market Wrap up
Total trading value decreased by 6%.SA gained the major portion or by 54% of total outright trading value , following by Govt and CORP bonds,respectively.Govt bonds yields fluctuated within a range of -4 to 7 bp.Govt clean price index ended higher by 16 bp and corp index (BBB up) closed higher by 2 bp.The most active issue was CBF27118A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 17,890,314.16   -0.02  
 Number of issues 2,760  
 Total Trading Value 1,345,941.81   -6.39  
   Outright/Cash Trading 111,252.43   -16.56  
   Financing 1,233,936.49   -5  
   Others 752.88   -86.66  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 715,713,031.83  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 110.37 0.16 110.69 0.16 358.21 0.53 2.21   8.95   165.02  
    Group 1 ( 1 < TTM <=3 ) 71.82 0.00 72.10 0.00 230.08 0.02 1.17   1.91   4.93  
    Group 2 ( 3 < TTM <= 7 ) 108.57 0.05 108.93 0.06 338.78 0.19 1.33   4.29   22.39  
    Group 3 ( 7 < TTM <= 10 ) 143.00 0.21 143.44 0.22 462.69 0.7 1.68   7.85   70.21  
    Group 4 ( 10 < TTM ) 185.64 0.48 186.08 0.5 614.06 1.64 2.47   15.30   343.44  
    Group 5 (<= 10) 90.49 0.04 90.79 0.05 286.42 0.16 1.45   3.98   25.01  
SOE (G) Bond Index 104.36 0.04 104.93 0.04 201.51 0.08 1.69   4.31   33.35  
SOE (NG) Bond Index 111.84 0.08 112.57 0.09 231.28 0.18 2.26   5.78   52.67  
Corporate Bond Index (BBB up) 108.48 0.02 109.18 0.03 234.76 0.07 2.52   2.93   16.02  
Corporate Bond Index (BBB+ up) 108.88 0.02 109.59 0.03 234.70 0.07 2.47   2.99   16.55  
 
Top 5 Most Active Bond                                                                                                                  
 BondType/
Issue Rating		Coupon Rate
(%)		Maturity
Date		TTM
(Years)		Last
Exec.Yield(%)		Weight
Avg.Price(%)		Trading Value
(THB mln.)
1.  CBF27118A SA 1.30283   18-Jan-27 1.00   1.257352   100.044283   26,246.62  
2.  CBF26209A SA 1.49731   09-Feb-26 0.07   1.267755   100.002151   10,227.40  
3.  LB316A GB 3.65000   20-Jun-31 5.43   1.349879   111.985552   7,376.97  
4.  LB284A GB 2.05000   17-Apr-28 2.25   1.174468   101.933557   3,463.15  
5.  LB456A GB 2.98000   17-Jun-45 19.43   2.514123   107.123244   2,983.33  
 
 
 
 Market News
 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |   >
Found 65370 headlines
No. Date/Time Headlines
1.       15-Jan-26 11:50     Central Bank Bill Auction Results: CBF27118A (update)
2.       14-Jan-26 13:28     BEM informs to exercise call option on its debenture (BEM326A).
3.       14-Jan-26 11:58     Loan Bond Auction Results: LB313A, LB556A (update)
4.       13-Jan-26 14:04     State Own Enterprise Bond Auction Results: BMTA362A
5.       13-Jan-26 10:25     Central Bank Bill Auction Results: CB26416A
6.       13-Jan-26 09:58     TRIS Rating assigns a rating of “A” to AP (Thailand) PLC (AP)’s proposed issue of up to THB3.5 billion senior unsecured debentures due within five years. At the same time, we affirm the issuer credit rating on AP and the ratings on its outstanding senior unsecured debentures at “A” with a “stable”
7.       13-Jan-26 09:58     TRIS Rating assigns a rating of “A” to AP (Thailand) PLC (AP)’s proposed issue of up to THB3.5 billion senior unsecured debentures due within five years. At the same time, we affirm the issuer credit rating on AP and the ratings on its outstanding senior unsecured debentures at “A” with a “stable”
8.       13-Jan-26 09:58     TRIS Rating assigns a rating of “A” to AP (Thailand) PLC (AP)’s proposed issue of up to THB3.5 billion senior unsecured debentures due within five years. At the same time, we affirm the issuer credit rating on AP and the ratings on its outstanding senior unsecured debentures at “A” with a “stable”
9.       13-Jan-26 09:58     TRIS Rating assigns a rating of “A” to AP (Thailand) PLC (AP)’s proposed issue of up to THB3.5 billion senior unsecured debentures due within five years. At the same time, we affirm the issuer credit rating on AP and the ratings on its outstanding senior unsecured debentures at “A” with a “stable”
10.       13-Jan-26 09:58     TRIS Rating assigns a rating of “A” to AP (Thailand) PLC (AP)’s proposed issue of up to THB3.5 billion senior unsecured debentures due within five years. At the same time, we affirm the issuer credit rating on AP and the ratings on its outstanding senior unsecured debentures at “A” with a “stable”
11.       13-Jan-26 09:58     TRIS Rating assigns a rating of “A” to AP (Thailand) PLC (AP)’s proposed issue of up to THB3.5 billion senior unsecured debentures due within five years. At the same time, we affirm the issuer credit rating on AP and the ratings on its outstanding senior unsecured debentures at “A” with a “stable”
12.       13-Jan-26 09:58     TRIS Rating assigns a rating of “A” to AP (Thailand) PLC (AP)’s proposed issue of up to THB3.5 billion senior unsecured debentures due within five years. At the same time, we affirm the issuer credit rating on AP and the ratings on its outstanding senior unsecured debentures at “A” with a “stable”
13.       13-Jan-26 09:58     TRIS Rating assigns a rating of “A” to AP (Thailand) PLC (AP)’s proposed issue of up to THB3.5 billion senior unsecured debentures due within five years. At the same time, we affirm the issuer credit rating on AP and the ratings on its outstanding senior unsecured debentures at “A” with a “stable”
14.       13-Jan-26 09:58     TRIS Rating assigns a rating of “A” to AP (Thailand) PLC (AP)’s proposed issue of up to THB3.5 billion senior unsecured debentures due within five years. At the same time, we affirm the issuer credit rating on AP and the ratings on its outstanding senior unsecured debentures at “A” with a “stable”
15.       13-Jan-26 09:58     TRIS Rating assigns a rating of “A” to AP (Thailand) PLC (AP)’s proposed issue of up to THB3.5 billion senior unsecured debentures due within five years. At the same time, we affirm the issuer credit rating on AP and the ratings on its outstanding senior unsecured debentures at “A” with a “stable”
 
 
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