9 September 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 9%.Govt gained the major portion or by 49% of total outright trading value , following by SA and CORP bonds,respectively.Govt bonds yields increased by 0 to 4 bp.Govt clean price index ended lower by -13 bp and corp index (BBB up) closed lower by -4 bp.The most active issue was LB273A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 18,286,998.64   -0.01  
 Number of issues 2,741  
 Total Trading Value 1,292,171.10   -9.36  
   Outright/Cash Trading 58,491.96   -44.95  
   Financing 1,228,975.01   -6.4  
   Others 4,704.14   -26.75  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 661,327,640.58  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 105.48 -0.13 106.24 -0.13 348.53 -0.41 2.69   8.30   144.55  
    Group 1 ( 1 < TTM <=3 ) 71.25 -0.03 71.84 -0.03 231.83 -0.09 1.27   1.97   5.22  
    Group 2 ( 3 < TTM <= 7 ) 106.70 -0.11 107.37 -0.1 338.42 -0.33 1.67   4.35   23.11  
    Group 3 ( 7 < TTM <= 10 ) 137.95 -0.2 138.88 -0.19 453.27 -0.62 2.18   7.97   72.26  
    Group 4 ( 10 < TTM ) 170.96 -0.33 172.24 -0.31 577.46 -1.04 3.03   14.69   318.49  
    Group 5 (<= 10) 88.98 -0.07 89.60 -0.07 286.09 -0.21 1.81   3.90   25.02  
SOE (G) Bond Index 102.38 -0.08 102.93 -0.08 200.45 -0.15 2.07   4.36   31.92  
SOE (NG) Bond Index 109.37 -0.11 110.13 -0.1 230.32 -0.21 2.61   5.45   47.09  
Corporate Bond Index (BBB up) 107.84 -0.04 108.56 -0.04 238.52 -0.07 2.59   3.03   16.37  
Corporate Bond Index (BBB+ up) 108.19 -0.04 108.92 -0.04 238.27 -0.07 2.55   3.08   16.87  
 
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.  LB273A GB 2.25000   17-Mar-27 0.52   1.047348   100.616242   8,315.14  
2.  CB26D11B SA 0.00000   11-Dec-26 0.25   0.939993   99.764112   5,296.48  
3.  CBF26O05A SA 1.04591   05-Oct-26 0.07   1.004245   100.002748   3,768.23  
4.  CB26O29A SA 0.00000   29-Oct-26 0.14   0.955390   99.877883   3,292.97  
5.  CBF26O12A SA 1.19699   12-Oct-26 0.09   1.007840   100.003569   2,484.17  
 
 
 
 Market News
< 4331 | 4332 | 4333 | 4334 | 4335 | 4336 | 4337 | 4338 | 4339 | 4340 |   >
Found 66387 headlines
No. Date/Time Headlines
65071.       23-Dec-04 17:23     RGR07NA to be registered on 24 December 2004
65072.       23-Dec-04 17:18     PLC06NA, PLC07NA to be registered on 24 Dec 2004
65073.       23-Dec-04 17:11     UFIC06NA, UFIC07NA, UFIC08NA, UFIC09OA to be registered on 24 Dec
65074.       22-Dec-04 17:06     Mida will issue bonds in 2005
65075.       22-Dec-04 16:21     GHB plan to issue the bond  in 2005
65076.       22-Dec-04 11:18     Loan Bond Auction Result
65077.       21-Dec-04 13:36     BoT Auction Result
65078.       20-Dec-04 18:58     Financial Covenant of NVL063A for Q3 2004
65079.       20-Dec-04 18:58     Financial Covenant of NVL063A for Q3 2004
65080.       20-Dec-04 11:33     Treasury Bill Auction Result
65081.       16-Dec-04 11:45     BoT raised the 14-day RP rate
65082.       16-Dec-04 11:02     SPL affirmed both the company rating and the issue rating by TRIS Rating
65083.       15-Dec-04 12:00     Loan Bond Auction Result
65084.       15-Dec-04 11:29     QH09DA to be registered on 16 Dec, 2004
65085.       15-Dec-04 11:28     PLC09OA to be registered on 16 Dec, 2004
 
 
Disclamer