29 March 2024
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 11%.SA gained the major portion or by 47% of total outright trading value , following by Govt and CORP bonds,respectively.Govt bonds yields decreased by -1 to 0 bp.Govt clean price index ended higher by 6 bp and corp index (BBB up) closed higher by 1 bp.The most active issue was CB24425A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 16,902,964.60   0.24  
 Number of issues 3,054  
 Total Trading Value 1,400,876.51   10.79  
   Outright/Cash Trading 39,621.45   -45.17  
   Financing 1,360,999.07   14.42  
   Others 256.00   -90.56  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 528,870,400.84  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 104.18 0.06 104.92 0.07 322.01 0.22 2.87   8.13   138.63  
    Group 1 ( 1 < TTM <=3 ) 71.00 0.01 71.40 0.02 218.39 0.05 2.14   2.12   5.98  
    Group 2 ( 3 < TTM <= 7 ) 105.62 0.04 106.26 0.05 313.67 0.15 2.22   4.19   20.87  
    Group 3 ( 7 < TTM <= 10 ) 136.14 0.12 137.24 0.13 419.35 0.39 2.43   7.12   58.69  
    Group 4 ( 10 < TTM ) 168.63 0.15 170.12 0.16 528.88 0.51 3.08   14.40   304.86  
    Group 5 (<= 10) 88.22 0.03 88.74 0.04 266.85 0.12 2.30   3.75   22.61  
SOE (G) Bond Index 100.48 0.02 100.99 0.01 186.62 0.05 2.51   4.07   30.36  
SOE (NG) Bond Index 105.89 0.03 106.58 0.04 208.23 0.08 3.23   6.02   59.47  
Corporate Bond Index (BBB up) 105.98 0.01 106.63 0.03 215.74 0.05 3.49   2.94   16.72  
Corporate Bond Index (BBB+ up) 106.28 0.01 106.94 0.03 215.59 0.05 3.48   2.97   16.95  
 
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.  CB24425A SA 0.00000   25-Apr-24 0.07   2.303013   99.849194   4,190.75  
2.  LB273A GB 2.25000   17-Mar-27 2.97   2.154353   100.263126   4,150.73  
3.  CB24627A SA 0.00000   27-Jun-24 0.25   2.316719   99.449946   1,778.16  
4.  BOT245A SA 1.63000   17-May-24 0.13   2.368571   99.910462   1,627.44  
5.  LB266A GB 2.35000   17-Jun-26 2.22   2.137064   100.452326   1,563.84  
 
 
 
 Market News
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Found 57995 headlines
No. Date/Time Headlines
91.       22-Mar-24 16:31     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “BAM” AT “A-” WITH “STABLE” OUTLOOK, AND ASSIGNS “A-” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB3 BILLION WITH OVER-ALLOTMENT OPTION OF UP TO THB3 BILLION
92.       22-Mar-24 16:31     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “BAM” AT “A-” WITH “STABLE” OUTLOOK, AND ASSIGNS “A-” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB3 BILLION WITH OVER-ALLOTMENT OPTION OF UP TO THB3 BILLION
93.       22-Mar-24 16:31     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “BAM” AT “A-” WITH “STABLE” OUTLOOK, AND ASSIGNS “A-” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB3 BILLION WITH OVER-ALLOTMENT OPTION OF UP TO THB3 BILLION
94.       22-Mar-24 16:31     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “BAM” AT “A-” WITH “STABLE” OUTLOOK, AND ASSIGNS “A-” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB3 BILLION WITH OVER-ALLOTMENT OPTION OF UP TO THB3 BILLION
95.       22-Mar-24 16:31     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “BAM” AT “A-” WITH “STABLE” OUTLOOK, AND ASSIGNS “A-” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB3 BILLION WITH OVER-ALLOTMENT OPTION OF UP TO THB3 BILLION
96.       22-Mar-24 16:31     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “BAM” AT “A-” WITH “STABLE” OUTLOOK, AND ASSIGNS “A-” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB3 BILLION WITH OVER-ALLOTMENT OPTION OF UP TO THB3 BILLION
97.       22-Mar-24 16:31     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “BAM” AT “A-” WITH “STABLE” OUTLOOK, AND ASSIGNS “A-” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB3 BILLION WITH OVER-ALLOTMENT OPTION OF UP TO THB3 BILLION
98.       22-Mar-24 16:31     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “BAM” AT “A-” WITH “STABLE” OUTLOOK, AND ASSIGNS “A-” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB3 BILLION WITH OVER-ALLOTMENT OPTION OF UP TO THB3 BILLION
99.       22-Mar-24 16:31     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “BAM” AT “A-” WITH “STABLE” OUTLOOK, AND ASSIGNS “A-” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB3 BILLION WITH OVER-ALLOTMENT OPTION OF UP TO THB3 BILLION
100.       22-Mar-24 16:31     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “BAM” AT “A-” WITH “STABLE” OUTLOOK, AND ASSIGNS “A-” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB3 BILLION WITH OVER-ALLOTMENT OPTION OF UP TO THB3 BILLION
101.       22-Mar-24 16:31     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “BAM” AT “A-” WITH “STABLE” OUTLOOK, AND ASSIGNS “A-” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB3 BILLION WITH OVER-ALLOTMENT OPTION OF UP TO THB3 BILLION
102.       22-Mar-24 16:31     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “BAM” AT “A-” WITH “STABLE” OUTLOOK, AND ASSIGNS “A-” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB3 BILLION WITH OVER-ALLOTMENT OPTION OF UP TO THB3 BILLION
103.       22-Mar-24 16:31     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “BAM” AT “A-” WITH “STABLE” OUTLOOK, AND ASSIGNS “A-” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB3 BILLION WITH OVER-ALLOTMENT OPTION OF UP TO THB3 BILLION
104.       22-Mar-24 16:31     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “BAM” AT “A-” WITH “STABLE” OUTLOOK, AND ASSIGNS “A-” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB3 BILLION WITH OVER-ALLOTMENT OPTION OF UP TO THB3 BILLION
105.       22-Mar-24 16:31     TRIS RATING AFFIRMS COMPANY & SENIOR UNSECURED DEBT RATINGS ON “BAM” AT “A-” WITH “STABLE” OUTLOOK, AND ASSIGNS “A-” RATING TO SENIOR UNSECURED DEBT WORTH UP TO THB3 BILLION WITH OVER-ALLOTMENT OPTION OF UP TO THB3 BILLION
 
 
Disclamer