30 April 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 94%.Govt gained the major portion or by 53% of total outright trading value , following by SA and CP bonds,respectively.Govt bonds yields fluctuated within a range of -3 to 10 bp.Govt clean price index ended lower by -1 bp while corp index (BBB up) closed unchanged by 0 bp.The most active issue was CBF25N03A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 17,524,341.99   0.05  
 Number of issues 2,877  
 Total Trading Value 2,333,374.35   93.77  
   Outright/Cash Trading 93,166.73   -14.06  
   Financing 2,238,065.07   104.49  
   Others 2,142.55   55.77  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 673,829,350.66  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 110.01 -0.01 111.04 0.00 350.42 0.00 2.29   8.82   161.20  
    Group 1 ( 1 < TTM <=3 ) 71.74 0.01 72.22 0.01 226.24 0.04 1.53   1.96   5.18  
    Group 2 ( 3 < TTM <= 7 ) 107.94 -0.02 108.91 -0.01 330.61 -0.03 1.63   4.32   22.86  
    Group 3 ( 7 < TTM <= 10 ) 141.90 0.08 143.33 0.09 450.91 0.29 1.84   7.24   61.10  
    Group 4 ( 10 < TTM ) 185.47 -0.04 187.43 -0.02 601.45 -0.08 2.47   14.88   327.89  
    Group 5 (<= 10) 90.15 0.01 90.89 0.01 280.30 0.04 1.69   3.77   22.30  
SOE (G) Bond Index 103.85 0.03 104.44 0.03 197.47 0.06 1.87   4.45   34.27  
SOE (NG) Bond Index 110.70 0.03 111.44 0.04 224.55 0.09 2.52   5.90   56.19  
Corporate Bond Index (BBB up) 107.89 0.00 108.52 0.01 227.94 0.03 2.85   2.90   15.92  
Corporate Bond Index (BBB+ up) 108.22 0.00 108.85 0.01 227.77 0.03 2.85   2.92   16.07  
 
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.  CBF25N03A SA 1.80551   03-Nov-25 0.50   1.978415   100.040871   16,604.78  
2.  LB726A GB 4.00000   17-Jun-72 47.16   2.810114   130.975740   6,768.85  
3.  CB25731A SA 0.00000   31-Jul-25 0.25   1.601767   99.607568   4,176.55  
4.  LB29NA GB 2.50000   17-Nov-29 4.55   1.585828   103.990864   3,995.90  
5.  LB284A GB 2.05000   17-Apr-28 2.97   1.532760   101.482940   3,537.89  
 
 
 
 Market News
< 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 |   >
Found 62571 headlines
No. Date/Time Headlines
376.       04-Apr-25 09:09     TRIS Rating Places ”Negative” CreditAlerts on MJD, ORI, BRI, NOBLE, SA and Maintains
“Negative” Outlook on ANAN
377.       04-Apr-25 09:09     TRIS Rating Places ”Negative” CreditAlerts on MJD, ORI, BRI, NOBLE, SA and Maintains
“Negative” Outlook on ANAN
378.       04-Apr-25 09:09     TRIS Rating Places ”Negative” CreditAlerts on MJD, ORI, BRI, NOBLE, SA and Maintains
“Negative” Outlook on ANAN
379.       04-Apr-25 09:09     TRIS Rating Places ”Negative” CreditAlerts on MJD, ORI, BRI, NOBLE, SA and Maintains
“Negative” Outlook on ANAN
380.       04-Apr-25 09:04     TRIS Rating Places “Negative” CreditAlert on Company & Senior Unsecured Debt Ratings on “BRI”
381.       04-Apr-25 09:04     TRIS Rating Places “Negative” CreditAlert on Company & Senior Unsecured Debt Ratings on “BRI”
382.       04-Apr-25 09:04     TRIS Rating Places “Negative” CreditAlert on Company & Senior Unsecured Debt Ratings on “BRI”
383.       04-Apr-25 09:04     TRIS Rating Places “Negative” CreditAlert on Company & Senior Unsecured Debt Ratings on “BRI”
384.       04-Apr-25 09:04     TRIS Rating Places “Negative” CreditAlert on Company & Senior Unsecured Debt Ratings on “BRI”
385.       04-Apr-25 08:58     TRIS Rating Places “Negative” CreditAlert on Company Rating on “SA”
386.       04-Apr-25 08:48     TRIS Rating Places “Negative” CreditAlert on Company & Senior Unsecured Debt Ratings on “ORI”
387.       04-Apr-25 08:48     TRIS Rating Places “Negative” CreditAlert on Company & Senior Unsecured Debt Ratings on “ORI”
388.       04-Apr-25 08:48     TRIS Rating Places “Negative” CreditAlert on Company & Senior Unsecured Debt Ratings on “ORI”
389.       04-Apr-25 08:48     TRIS Rating Places “Negative” CreditAlert on Company & Senior Unsecured Debt Ratings on “ORI”
390.       04-Apr-25 08:48     TRIS Rating Places “Negative” CreditAlert on Company & Senior Unsecured Debt Ratings on “ORI”
 
 
Disclamer