10 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 increased by 3%.Govt gained the major portion or by 54% of total outright trading value , following by SA and CORP bonds,respectively.Govt bonds yields increased by 0 to 5 bp.Govt clean price index ended lower by -6 bp and corp index (BBB up) closed lower by -2 bp.The most active issue was LB336A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 17,847,026.45   0.06  
 Number of issues 2,801  
 Total Trading Value 1,292,650.08   2.55  
   Outright/Cash Trading 61,983.79   32.39  
   Financing 1,230,441.32   1.42  
   Others 224.97   -48.13  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 744,649,870.63  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 111.61 -0.06 112.72 -0.05 360.53 -0.17 2.11   9.12   172.49  
    Group 1 ( 1 < TTM <=3 ) 71.65 -0.01 72.14 -0.01 228.63 -0.02 1.39   1.83   4.56  
    Group 2 ( 3 < TTM <= 7 ) 107.82 -0.11 108.85 -0.1 334.94 -0.3 1.54   4.30   22.73  
    Group 3 ( 7 < TTM <= 10 ) 142.69 -0.03 143.93 -0.02 459.73 -0.07 1.72   7.63   66.90  
    Group 4 ( 10 < TTM ) 191.29 -0.11 193.44 -0.09 629.51 -0.3 2.27   15.22   343.81  
    Group 5 (<= 10) 90.14 -0.05 90.93 -0.04 284.08 -0.13 1.57   3.78   22.61  
SOE (G) Bond Index 104.02 -0.06 104.62 -0.05 200.08 -0.1 1.78   4.37   33.70  
SOE (NG) Bond Index 111.50 -0.09 112.32 -0.08 229.46 -0.17 2.35   5.76   53.71  
Corporate Bond Index (BBB up) 108.06 -0.02 108.69 -0.02 232.45 -0.03 2.69   2.97   16.31  
Corporate Bond Index (BBB+ up) 108.46 -0.02 109.11 -0.02 232.40 -0.03 2.64   3.02   16.82  
 
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.  LB336A GB 3.35000   17-Jun-33 7.61   1.686971   111.804143   8,619.91  
2.  LB456A GB 2.98000   17-Jun-45 19.61   2.333647   110.113265   5,128.87  
3.  LB353A GB 2.41000   17-Mar-35 9.35   1.747955   105.692291   3,406.45  
4.  LB296A GB 4.87500   22-Jun-29 3.62   1.460239   111.955997   3,290.73  
5.  LB27NA GB 2.40000   17-Nov-27 2.02   1.386230   102.007229   3,286.57  
 
 
 
 Market News
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Found 64911 headlines
No. Date/Time Headlines
14401.       16-Sep-20 11:41     Loan Bond Auction Results: LB29DA, LB676A
14402.       16-Sep-20 10:30     MPSC has announced the coupon payment change on MPSC20D08A.
14403.       16-Sep-20 09:00     YUANTA informs to redeem YUANTA20930C on September 16, 2020.
14404.       16-Sep-20 08:31     ROJNA has announced the bondholder representative change on ROJNA226A.
14405.       15-Sep-20 10:02     Central Bank Bill Auction Results: CB20D17B, CB21318A
14406.       14-Sep-20 16:23     TRIS RATING ASSIGNS COMPANY RATING TO “NER” AT “BB+” WITH “STABLE” OUTLOOK
14407.       14-Sep-20 16:00     ศาลล้มละลายกลางมีคำสั่งให้บริษัท การบินไทย จำกัด (มหาชน) ดำเนินการฟื้นฟูกิจการและตั้งคณะผู้ทำแผน
14408.       14-Sep-20 10:27     Treasury Bill Auction Results: TB21317A
14409.       11-Sep-20 14:17     TRIS RATING CANCELS COMPANY RATING ON “QTC”
14410.       11-Sep-20 11:08     TRIS RATING ASSIGNS “A” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB1 BILLION OF “NN2PC”, WITH “S
14411.       11-Sep-20 10:16     JCK INTERNATIONAL PUBLIC COMPANY LIMITED has announced to restructured on JCK209A.
14412.       11-Sep-20 10:03     Central Bank Bill Auction Results: CB20929A
14413.       11-Sep-20 09:18     TRIS RATING AFFIRMS COMPANY RATING ON “ECL” AT “BBB-” AND REVISES OUTLOOK TO “NEGATIVE” FROM “STABLE
14414.       11-Sep-20 09:13     TRIS RATING AFFIRMS RATINGS OF GUARANTEED DEBENTURES OF “TLT”: MEDIUM-TERM AT “AAA”, “THAI BAHT DEBE
14415.       10-Sep-20 14:28     PHUKET FANTASEA PUBLIC COMPANY LIMITED has announced to restructured on PHUKET20DA.
 
 
Disclamer