19 April 2024
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 17%.Govt gained the major portion or by 54% of total outright trading value , following by SA and CORP bonds,respectively.Govt bonds yields fluctuated within a range of -1 to 4 bp.Govt clean price index ended higher by 7 bp while corp index (BBB up) closed lower by -1 bp.The most active issue was LB273A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 16,878,382.19   -0.02  
 Number of issues 3,047  
 Total Trading Value 1,462,689.56   -16.72  
   Outright/Cash Trading 67,224.99   -22.59  
   Financing 1,394,680.74   -16.43  
   Others 783.83   56.1  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 514,148,763.68  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 102.58 0.07 103.48 0.08 317.60 0.25 3.06   7.97   134.35  
    Group 1 ( 1 < TTM <=3 ) 70.69 0.01 71.18 0.01 217.74 0.04 2.35   2.06   5.70  
    Group 2 ( 3 < TTM <= 7 ) 104.56 0.05 105.36 0.06 311.02 0.18 2.45   4.12   20.30  
    Group 3 ( 7 < TTM <= 10 ) 133.94 0.08 135.27 0.09 413.33 0.27 2.66   7.05   57.64  
    Group 4 ( 10 < TTM ) 164.35 0.21 166.14 0.22 516.54 0.69 3.26   14.16   296.24  
    Group 5 (<= 10) 87.48 0.03 88.13 0.04 265.01 0.11 2.53   3.67   21.97  
SOE (G) Bond Index 99.70 -0.02 100.22 -0.02 185.39 -0.03 2.71   4.03   30.09  
SOE (NG) Bond Index 104.60 -0.04 105.35 -0.03 206.07 -0.06 3.44   5.98   58.35  
Corporate Bond Index (BBB up) 105.38 -0.01 106.03 0.00 214.93 0.00 3.68   2.95   16.64  
Corporate Bond Index (BBB+ up) 105.67 -0.01 106.33 -0.01 214.77 0.00 3.67   2.98   16.87  
 
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.  LB273A GB 2.25000   17-Mar-27 2.91   2.365159   99.668469   8,360.90  
2.  LB266A GB 2.35000   17-Jun-26 2.16   2.330776   100.035448   3,916.35  
3.  CB24516A SA 0.00000   16-May-24 0.07   2.200895   99.860014   3,444.17  
4.  LB286A GB 2.65000   17-Jun-28 4.16   2.430953   100.854644   3,087.07  
5.  CB24523A SA 0.00000   23-May-24 0.09   2.138556   99.821184   3,012.60  
 
 
 
 Market News
 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |   >
Found 58299 headlines
No. Date/Time Headlines
1.       19-Apr-24 09:18     TRIS RATING PLACES “NEGATIVE” CREDITALERT IMPLICATION ON COMPANY RATING ON “BEYOND”
2.       19-Apr-24 08:54     NUSA แจ้งข่าวต่อ SET เรื่อง ชี้แจงข่าวแพร่ในสื่อต่าง ๆ
3.       19-Apr-24 08:54     NUSA แจ้งข่าวต่อ SET เรื่อง ชี้แจงข่าวแพร่ในสื่อต่าง ๆ
4.       18-Apr-24 14:51     State Own Enterprise Bond Auction Results: BMTA345A
5.       18-Apr-24 11:51     Bank of Thailand Bond Auction Results: BOTF256A (update)
6.       18-Apr-24 11:25     THANI แจ้งข่าวต่อ SET เรื่อง แจ้งการจดทะเบียนเปลี่ยนแปลงทุนจดทะเบียนและแก้ไขเพิ่มเติมหนังสือบริคณห์ส
7.       18-Apr-24 09:22     YUANTA informs the partial redemption of YUANTA24430A on April 18, 2024.
8.       17-Apr-24 14:08     TRIS RATING AFFIRMS COMPANY RATING ON “SAMTEL” AT “BBB” AND REVISES OUTLOOK TO “POSITIVE” FROM “STABLE”
9.       17-Apr-24 14:03     TRIS RATING AFFIRMS COMPANY RATING ON “SAMART” AT “BBB” AND REVISES OUTLOOK TO “POSITIVE” FROM “STABLE”
10.       17-Apr-24 11:46     TRIS RATING ASSIGNS “BBB+” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB7.5 BILLION OF “MTC” WITH “STABLE” OUTLOOK
11.       17-Apr-24 11:46     TRIS RATING ASSIGNS “BBB+” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB7.5 BILLION OF “MTC” WITH “STABLE” OUTLOOK
12.       17-Apr-24 11:46     TRIS RATING ASSIGNS “BBB+” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB7.5 BILLION OF “MTC” WITH “STABLE” OUTLOOK
13.       17-Apr-24 11:46     TRIS RATING ASSIGNS “BBB+” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB7.5 BILLION OF “MTC” WITH “STABLE” OUTLOOK
14.       17-Apr-24 11:46     TRIS RATING ASSIGNS “BBB+” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB7.5 BILLION OF “MTC” WITH “STABLE” OUTLOOK
15.       17-Apr-24 11:46     TRIS RATING ASSIGNS “BBB+” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB7.5 BILLION OF “MTC” WITH “STABLE” OUTLOOK
 
 
Disclamer