23 May 2018
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 increased by 23%.SA gained the major portion or by 58% of total outright trading value , following by Govt and CORP bonds,respectively.Govt bonds yields fluctuated within a range of -3 to 2 bp.Govt clean price index ended higher by 3 bp while corp index (BBB up) closed lower by -1 bp.The most active issue was LB26DA.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 11,821,591.61   0.01  
 Number of issues 2,835  
 Total Trading Value 1,277,173.81   22.79  
   Outright/Cash Trading 70,566.59   -33.79  
   Financing 1,206,607.22   29.25  
   Others 0.00   n.a.  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 354,777,964.65  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 104.33 0.03 105.78 0.04 271.39 0.1 3.09   8.81   162.50  
    Group 1 ( 1 < TTM <=3 ) 76.16 -0.03 77.18 -0.02 200.18 -0.05 1.69   1.65   4.09  
    Group 2 ( 3 < TTM <= 7 ) 109.70 -0.03 110.97 -0.02 277.97 -0.05 2.05   4.07   19.86  
    Group 3 ( 7 < TTM <= 10 ) 136.09 -0.02 137.86 -0.01 352.33 -0.03 2.68   7.20   60.96  
    Group 4 ( 10 < TTM ) 161.26 0.15 163.78 0.17 419.37 0.44 3.38   14.75   337.48  
    Group 5 (<= 10) 91.50 -0.02 92.65 -0.01 235.15 -0.04 2.30   4.19   26.23  
SOE (G) Bond Index 102.39 0.09 103.24 0.1 164.85 0.16 2.50   3.44   22.93  
SOE (NG) Bond Index 107.51 0.05 108.44 0.05 177.03 0.09 3.01   5.42   53.89  
Corporate Bond Index (BBB up) 104.15 -0.01 104.90 -0.01 229.75 0.00 2.69   2.36   11.39  
Corporate Bond Index (BBB+ up) 104.68 -0.01 105.44 -0.01 231.51 0.00 2.68   2.36   11.43  
 
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.  LB26DA GB 2.12500   17-Dec-26 8.58   2.712074   95.542981   14,530.81  
2.  BOT209A SA 1.57000   25-Sep-20 2.35   1.804890   99.457556   8,386.41  
3.  LB22DA GB 2.00000   17-Dec-22 4.57   2.064915   99.720856   4,844.49  
4.  CB18607A SA 0.00000   07-Jun-18 0.04   1.308474   99.952135   3,159.49  
5.  CB18802A SA 0.00000   02-Aug-18 0.19   1.397559   99.732464   2,804.48  
 
 
 
 Market News
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Found 41740 headlines
No. Date/Time Headlines
1.       24-May-18 16:27     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS AND OUTLOOK OF “BTSC” AT “A/STABLE”
2.       24-May-18 16:27     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS AND OUTLOOK OF “BTSC” AT “A/STABLE”
3.       24-May-18 16:27     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS AND OUTLOOK OF “BTSC” AT “A/STABLE”
4.       24-May-18 16:27     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS AND OUTLOOK OF “BTSC” AT “A/STABLE”
5.       24-May-18 16:26     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS AND OUTLOOK OF “BTS” AT “A/STABLE”
6.       24-May-18 16:26     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS AND OUTLOOK OF “BTS” AT “A/STABLE”
7.       24-May-18 16:26     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS AND OUTLOOK OF “BTS” AT “A/STABLE”
8.       24-May-18 16:26     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS AND OUTLOOK OF “BTS” AT “A/STABLE”
9.       24-May-18 15:13     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS AND OUTLOOK OF “TICON” AT “A/STABLE”
10.       24-May-18 15:13     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS AND OUTLOOK OF “TICON” AT “A/STABLE”
11.       24-May-18 15:13     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS AND OUTLOOK OF “TICON” AT “A/STABLE”
12.       24-May-18 15:13     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS AND OUTLOOK OF “TICON” AT “A/STABLE”
13.       24-May-18 15:13     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS AND OUTLOOK OF “TICON” AT “A/STABLE”
14.       24-May-18 15:13     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS AND OUTLOOK OF “TICON” AT “A/STABLE”
15.       24-May-18 15:13     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS AND OUTLOOK OF “TICON” AT “A/STABLE”
 
 
Disclamer