2 July 2025
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 8%.Govt gained the major portion or by 56% of total outright trading value , following by SA and T-Bill bonds,respectively.Govt bonds yields fluctuated within a range of -3 to 15 bp.Govt clean price index ended higher by 1 bp while corp index (BBB up) closed lower by -3 bp.The most active issue was LB353A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 17,243,145.50   -0.08  
 Number of issues 2,858  
 Total Trading Value 1,354,434.88   -8.41  
   Outright/Cash Trading 73,648.73   -57.43  
   Financing 1,280,277.16   -1.67  
   Others 509.00   -86.52  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 749,512,387.94  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 113.57 0.01 113.78 0.02 363.37 0.06 1.96   9.49   179.99  
    Group 1 ( 1 < TTM <=3 ) 71.88 -0.01 72.15 0.00 227.55 -0.01 1.38   2.12   5.89  
    Group 2 ( 3 < TTM <= 7 ) 108.72 -0.1 108.93 -0.09 334.47 -0.29 1.45   4.67   26.40  
    Group 3 ( 7 < TTM <= 10 ) 144.90 0.18 145.19 0.19 462.66 0.6 1.56   7.91   71.42  
    Group 4 ( 10 < TTM ) 196.77 0.09 197.00 0.11 641.04 0.34 2.10   15.57   353.76  
    Group 5 (<= 10) 90.83 -0.02 91.06 -0.01 283.67 -0.05 1.47   4.06   24.94  
SOE (G) Bond Index 104.67 -0.07 105.19 -0.07 199.78 -0.13 1.68   4.56   35.61  
SOE (NG) Bond Index 112.88 -0.11 113.52 -0.1 230.04 -0.21 2.18   5.88   56.03  
Corporate Bond Index (BBB up) 108.45 -0.03 109.14 -0.03 230.46 -0.05 2.66   2.93   16.13  
Corporate Bond Index (BBB+ up) 108.77 -0.03 109.48 -0.03 230.30 -0.05 2.64   2.95   16.26  
 
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.  LB353A GB 2.41000   17-Mar-35 9.71   1.580466   107.425001   12,376.29  
2.  LB556A GB 4.00000   17-Jun-55 29.98   2.184193   139.759077   6,347.54  
3.  TB25D30A TB 0.00000   30-Dec-25 0.50   1.424417   99.302407   4,697.00  
4.  LB436A GB 3.45000   17-Jun-43 17.97   2.037631   121.142193   4,370.71  
5.  CB25731A SA 0.00000   31-Jul-25 0.08   1.342977   99.899867   3,249.74  
 
 
 
 Market News
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Found 63415 headlines
No. Date/Time Headlines
1.       03-Jul-25 11:25     งบการเงิน ของ TMI ไตรมาสที่ 1/2025 (แก้ไข)
2.       03-Jul-25 11:23     งบการเงิน ของ TMI งบปี/2024 (แก้ไข)
3.       02-Jul-25 14:22     TRIS Rating Assigns “AAA (sf)” Rating to Preliminary Issue Worth Up to THB10.7 Billion of “DAD SPV”
4.       02-Jul-25 14:22     TRIS Rating Assigns “AAA (sf)” Rating to Preliminary Issue Worth Up to THB10.7 Billion of “DAD SPV”
5.       02-Jul-25 14:22     TRIS Rating Assigns “AAA (sf)” Rating to Preliminary Issue Worth Up to THB10.7 Billion of “DAD SPV”
6.       02-Jul-25 13:47     TRIS Rating Assigns “BBB” Rating to Senior Unsecured Debt Worth Up to THB1.5 Billion of “JMART”, with “Stable” Outlook
7.       02-Jul-25 13:47     TRIS Rating Assigns “BBB” Rating to Senior Unsecured Debt Worth Up to THB1.5 Billion of “JMART”, with “Stable” Outlook
8.       02-Jul-25 13:47     TRIS Rating Assigns “BBB” Rating to Senior Unsecured Debt Worth Up to THB1.5 Billion of “JMART”, with “Stable” Outlook
9.       02-Jul-25 13:47     TRIS Rating Assigns “BBB” Rating to Senior Unsecured Debt Worth Up to THB1.5 Billion of “JMART”, with “Stable” Outlook
10.       02-Jul-25 13:47     TRIS Rating Assigns “BBB” Rating to Senior Unsecured Debt Worth Up to THB1.5 Billion of “JMART”, with “Stable” Outlook
11.       02-Jul-25 13:47     TRIS Rating Assigns “BBB” Rating to Senior Unsecured Debt Worth Up to THB1.5 Billion of “JMART”, with “Stable” Outlook
12.       02-Jul-25 11:53     BJC informs to exercise call option on its debenture (BJC306A).
13.       02-Jul-25 11:36     Loan Bond Auction Results: LB353A, LB556A
14.       01-Jul-25 17:23     งบการเงิน ของ SPI ไตรมาสที่ 3/2024 (แก้ไข)
15.       01-Jul-25 16:37     งบการเงิน ของ MJD งบปี/2024 (แก้ไข)
 
 
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