22 October 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 2%.Govt gained the major portion or by 48% of total outright trading value , following by SA and CORP bonds,respectively.Govt bonds yields fluctuated within a range of -3 to 8 bp.Govt clean price index ended higher by 15 bp and corp index (BBB up) closed higher by 5 bp.The most active issue was LB29NA.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 18,401,582.43   -0.02  
 Number of issues 2,765  
 Total Trading Value 1,520,801.25   -2.07  
   Outright/Cash Trading 68,938.78   -5.8  
   Financing 1,448,458.69   -1.86  
   Others 3,403.78   -8.32  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 647,199,717.22  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 105.13 0.15 106.02 0.16 348.49 0.54 2.73   8.16   140.69  
    Group 1 ( 1 < TTM <=3 ) 71.05 0.01 71.52 0.02 231.91 0.06 1.34   1.92   5.02  
    Group 2 ( 3 < TTM <= 7 ) 106.30 0.04 107.10 0.05 338.16 0.16 1.75   4.29   22.46  
    Group 3 ( 7 < TTM <= 10 ) 137.86 0.17 138.84 0.18 454.21 0.58 2.19   7.89   70.80  
    Group 4 ( 10 < TTM ) 170.15 0.5 172.03 0.52 576.94 1.74 3.06   14.49   310.44  
    Group 5 (<= 10) 88.77 0.04 89.36 0.05 286.22 0.15 1.86   3.81   24.28  
SOE (G) Bond Index 102.33 0.07 102.93 0.08 200.86 0.15 2.09   4.61   33.58  
SOE (NG) Bond Index 109.37 0.1 110.14 0.11 231.06 0.22 2.61   5.40   46.65  
Corporate Bond Index (BBB up) 107.68 0.05 108.38 0.06 239.11 0.12 2.63   3.03   16.38  
Corporate Bond Index (BBB+ up) 108.03 0.05 108.73 0.06 238.83 0.12 2.59   3.08   16.89  
 
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.  LB29NA GB 2.50000   17-Nov-29 3.07   1.499829   102.967372   7,116.38  
2.  CB26O29A SA 0.00000   29-Oct-26 0.02   0.770146   99.985935   4,272.40  
3.  LB313A GB 1.34000   17-Mar-31 4.40   1.693532   98.516351   3,523.31  
4.  CB26N26A SA 0.00000   26-Nov-26 0.10   0.814845   99.924427   2,687.97  
5.  LB26DA GB 2.12500   17-Dec-26 0.15   0.999736   100.150549   2,566.50  
 
 
 
 Market News
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Found 66471 headlines
No. Date/Time Headlines
436.       23-Jun-26 14:26     Fitch Affirms United Overseas Bank (Thai) at 'A-'/ Negative and 'AAA(tha)'/Stable
437.       23-Jun-26 10:01     Central Bank Bill Auction Results: CB26924A
438.       23-Jun-26 09:48     TRIS Rating upgrades the issuer credit rating on Thaifoods Group PLC (TFG) and the rating on its senior unsecured debentures to “BBB+” from “BBB”. We also revise the rating outlook to “Stable” from “Positive”.
439.       23-Jun-26 09:37     TRIS Rating assigns a rating of “A-” to B.Grimm Power PLC’s (BGRIM) proposed issue of up to THB7 billion senior unsecured debentures with a tenor of up to 10 years.
440.       22-Jun-26 14:25     TRIS Rating assigns a rating of “BBB” to Saksiam Leasing PLC’s (SAK) proposed senior unsecured debentures of up to THB3 billion, with maturities within three years.
441.       22-Jun-26 14:14     NRF แจ้งข่าวต่อ SET เรื่อง รายงานความคืบหน้าคดีความหรือข้อพิพาทที่สำคัญ ระหว่างบริษัทฯ และธนาคารกสิก
442.       22-Jun-26 13:15     CGH informs to exercise call option on its debenture (CGH271A).
443.       19-Jun-26 14:50     SGF informs to exercise call option on its debenture (SGF277A).
444.       19-Jun-26 11:51     MJD informs to exercise partial call option on its debenture (MJD25OB).
445.       19-Jun-26 10:27     BPP has announced the debenture holder representatives change on its 3 bonds
446.       19-Jun-26 10:27     BPP has announced the debenture holder representatives change on its 3 bonds
447.       19-Jun-26 10:27     BPP has announced the debenture holder representatives change on its 3 bonds
448.       19-Jun-26 08:49     TRIS Rating upgrades the issuer credit rating (ICR) on Property Perfect PLC (PF) to “C” from “D”. At the same time, we upgrade the rating on PF's subordinated perpetual debentures (hybrid debentures) to “C” from “D”. The outlook is “Negative”.
449.       19-Jun-26 08:47     TRIS Rating affirms the issuer rating on Neighbouring Countries Economic Development Cooperation Agency (Public Organisation) (NEDA) at “AAA” with a “Stable” outlook.
450.       18-Jun-26 11:18     Fitch Downgrades HMC Polymers to 'BBB-(tha)'; Outlook Negative
 
 
Disclamer