18 September 2020
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 1%.SA gained the major portion or by 78% of total outright trading value , following by Govt and CORP bonds,respectively.Govt bonds yields fluctuated within a range of -1 to 8 bp.Govt clean price index ended lower by -6 bp while corp index (BBB up) closed higher by 1 bp.The most active issue was CB20O06A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 14,033,881.87   0.12  
 Number of issues 2,440  
 Total Trading Value 1,197,006.52   -0.73  
   Outright/Cash Trading 79,175.26   23.86  
   Financing 1,117,831.26   -2.1  
   Others 0.00   -100  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 494,754,001.55  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 116.23 -0.06 117.07 -0.05 325.42 -0.15 1.82   10.04   198.17  
    Group 1 ( 1 < TTM <=3 ) 74.62 -0.02 75.14 -0.01 212.76 -0.03 0.58   1.97   5.23  
    Group 2 ( 3 < TTM <= 7 ) 113.11 -0.04 113.83 -0.04 306.80 -0.1 0.87   4.46   23.94  
    Group 3 ( 7 < TTM <= 10 ) 148.80 -0.06 149.77 -0.04 414.02 -0.12 1.25   7.39   63.32  
    Group 4 ( 10 < TTM ) 196.65 -0.15 198.04 -0.13 550.36 -0.37 2.05   15.89   374.23  
    Group 5 (<= 10) 94.22 -0.03 94.92 -0.02 260.69 -0.06 1.01   4.41   28.64  
SOE (G) Bond Index 105.80 0.01 106.44 0.01 181.57 0.02 1.22   3.95   27.34  
SOE (NG) Bond Index 112.96 0.04 113.79 0.02 200.29 0.09 2.13   6.25   65.63  
Corporate Bond Index (BBB up) 103.59 0.01 104.44 0.02 247.22 0.05 2.66   2.65   15.21  
Corporate Bond Index (BBB+ up) 104.27 0.01 105.12 0.02 249.45 0.05 2.66   2.65   15.26  
 
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.  CB20O06A SA 0.00000   06-Oct-20 0.04   0.482801   99.981485   32,480.99  
2.  LB29DA GB 1.60000   17-Dec-29 9.25   1.336437   102.280422   4,303.26  
3.  CB21708A SA 0.00000   08-Jul-21 0.80   0.511595   99.595523   4,252.73  
4.  BOT225A SA 0.61000   25-May-22 1.68   0.595746   100.021153   2,014.43  
5.  CB21604A SA 0.00000   04-Jun-21 0.71   0.500000   99.650541   1,705.02  
 
 
 
 Market News
 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |   >
Found 50423 headlines
No. Date/Time Headlines
1.       18-Sep-20 09:54     Central Bank Bill Auction Results: CB20O06A
2.       17-Sep-20 17:03     TRIS RATING ASSIGNS “A-” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB5 BILLION OF “BAM”, WITH “ST
3.       17-Sep-20 13:22     State Own Enterprise Bond Auction Results: SRT259C, SRT309A
4.       17-Sep-20 11:26     Notice of buy back: THB 9.00 million of PHUKET207A on July 16, 2020.
5.       17-Sep-20 11:26     Notice of buy back: THB 10.00 million of PHUKET208A on August 17, 2020.
6.       17-Sep-20 10:52     TRIS RATING AFFIRMS COMPANY RATING ON “OISHI” AT “A+” WITH “STABLE” OUTLOOK
7.       17-Sep-20 09:00     YUANTA informs to partially redeem YUANTA20930A on September 17, 2020.
8.       17-Sep-20 08:53     Notification of the progress of the Business Rehabilitation Case
9.       16-Sep-20 11:41     Loan Bond Auction Results: LB29DA, LB676A
10.       16-Sep-20 10:30     MPSC has announced the coupon payment change on MPSC20D08A.
11.       16-Sep-20 09:00     YUANTA informs to redeem YUANTA20930C on September 16, 2020.
12.       16-Sep-20 08:31     ROJNA has announced the registrar change on ROJNA226A.
13.       15-Sep-20 10:02     Central Bank Bill Auction Results: CB20D17B, CB21318A
14.       14-Sep-20 16:23     TRIS RATING ASSIGNS COMPANY RATING TO “NER” AT “BB+” WITH “STABLE” OUTLOOK
15.       14-Sep-20 16:00     ศาลล้มละลายกลางมีคำสั่งให้บริษัท การบินไทย จำกัด (มหาชน) ดำเนินการฟื้นฟูกิจการและตั้งคณะผู้ทำแผน
 
 
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