21 November 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 2%.SA gained the major portion or by 48% of total outright trading value , following by Govt and CORP bonds,respectively.Govt bonds yields fluctuated within a range of -2 to 3 bp.Govt clean price index ended higher by 5 bp and corp index (BBB up) closed higher by 4 bp.The most active issue was LB284A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 17,887,681.71   0.04  
 Number of issues 2,798  
 Total Trading Value 1,306,031.65   -2.11  
   Outright/Cash Trading 33,152.50   -33.22  
   Financing 1,272,582.54   -0.53  
   Others 296.61   -94.3  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 755,103,297.73  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 112.18 0.05 113.30 0.06 362.64 0.19 2.06   9.14   173.20  
    Group 1 ( 1 < TTM <=3 ) 71.70 -0.01 72.12 -0.01 228.94 -0.02 1.34   1.80   4.45  
    Group 2 ( 3 < TTM <= 7 ) 108.27 0.05 109.22 0.06 336.56 0.19 1.43   4.28   22.48  
    Group 3 ( 7 < TTM <= 10 ) 143.37 0.27 144.72 0.28 462.25 0.91 1.65   7.61   66.52  
    Group 4 ( 10 < TTM ) 192.78 0.08 195.10 0.1 634.91 0.31 2.22   15.24   344.56  
    Group 5 (<= 10) 90.39 0.04 91.14 0.05 285.07 0.15 1.49   3.77   22.53  
SOE (G) Bond Index 104.37 0.07 104.96 0.08 200.88 0.15 1.70   4.36   33.58  
SOE (NG) Bond Index 112.02 0.12 112.90 0.12 230.73 0.25 2.26   5.78   53.71  
Corporate Bond Index (BBB up) 108.30 0.04 108.92 0.05 233.19 0.1 2.61   3.00   16.55  
Corporate Bond Index (BBB+ up) 108.70 0.04 109.34 0.05 233.15 0.1 2.56   3.05   17.07  
 
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.  LB284A GB 2.05000   17-Apr-28 2.41   1.345732   101.654870   1,693.12  
2.  CBF26817A SA 1.55986   17-Aug-26 0.74   1.524200   100.022360   1,612.16  
3.  CB26108A SA 0.00000   08-Jan-26 0.13   1.250194   99.839230   1,340.84  
4.  CBF26511A SA 1.62755   11-May-26 0.47   1.511700   100.020989   1,291.82  
5.  LB294A GB 1.19000   17-Apr-29 3.41   1.365278   99.421818   1,164.65  
 
 
 
 Market News
< 3931 | 3932 | 3933 | 3934 | 3935 | 3936 | 3937 | 3938 | 3939 | 3940 |   >
Found 65073 headlines
No. Date/Time Headlines
58951.       28-Jan-08 15:29     ESPV102A has been informed the principal repayment
58952.       28-Jan-08 15:01     PN of BBTM to be registered on January 28, 2008
58953.       28-Jan-08 15:01     BBTM informs to  put option since January 28, 2008
58954.       28-Jan-08 15:01     BE of KK will be registered on January 29, 2008
58955.       28-Jan-08 15:00     PN of  TSFC to be registered on January 28, 2008
58956.       28-Jan-08 14:23     TMB has been upgraded ratings by Fitch Ratings
58957.       28-Jan-08 11:08     Treasury Bill Auction Result
58958.       25-Jan-08 16:37     TSFC informed to change coupon rate TSFC08O17A .
58959.       25-Jan-08 16:37     MBTh has been affirmed the National Long-term rating by Fitch Ratings
58960.       25-Jan-08 16:01     S-T debentures of SCBT will be registered on January 28, 2008
58961.       25-Jan-08 16:01     BE of  SPL will be registered on January 28, 29 and 31, 2008
58962.       25-Jan-08 16:01     BE of ADLC will be registered on January 28, 2008
58963.       25-Jan-08 16:00     PN of BBTM to be registered on January 25, 2008
58964.       25-Jan-08 16:00     BBTM informs to  put option since January 25, 2008
58965.       25-Jan-08 12:07     SPL08428c and SPL08728A are changed the issued value
 
 
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