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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 6%.SA gained the major portion or by 73% of total outright trading value , following by Govt and CORP bonds,respectively.Govt bonds yields fluctuated within a range of -2 to 5 bp.Govt clean price index ended higher by 6 bp and corp index (BBB up) closed higher by 2 bp.The most active issue was CB26326A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 17,866,923.13   -0.04  
 Number of issues 2,770  
 Total Trading Value 1,276,454.39   6.1  
   Outright/Cash Trading 104,315.52   119.33  
   Financing 1,168,473.41   1.16  
   Others 3,665.46   766.89  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 758,978,372.53  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 112.20 0.06 112.45 0.07 363.53 0.23 2.05   9.21   174.10  
    Group 1 ( 1 < TTM <=3 ) 71.87 0.01 72.05 0.02 229.92 0.06 1.17   1.97   5.20  
    Group 2 ( 3 < TTM <= 7 ) 108.74 0.04 109.16 0.05 338.75 0.16 1.31   4.34   22.92  
    Group 3 ( 7 < TTM <= 10 ) 143.65 0.09 143.89 0.1 464.13 0.31 1.63   7.92   71.33  
    Group 4 ( 10 < TTM ) 192.21 0.16 192.44 0.17 634.57 0.57 2.25   15.66   359.22  
    Group 5 (<= 10) 90.66 0.03 90.93 0.04 286.52 0.12 1.42   4.04   25.57  
SOE (G) Bond Index 104.57 0.04 105.06 0.05 201.63 0.1 1.65   4.38   34.07  
SOE (NG) Bond Index 112.24 0.09 112.96 0.07 231.72 0.2 2.21   5.85   53.69  
Corporate Bond Index (BBB up) 108.56 0.02 109.20 0.03 234.44 0.06 2.51   2.98   16.39  
Corporate Bond Index (BBB+ up) 108.96 0.02 109.62 0.03 234.39 0.06 2.46   3.04   16.92  
 
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.  CB26326A SA 0.00000   26-Mar-26 0.25   1.042478   99.741067   60,102.97  
2.  CBF26112A SA 1.57842   12-Jan-26 0.05   1.219747   100.003739   3,928.61  
3.  LB284A GB 2.05000   17-Apr-28 2.32   1.183270   101.970694   3,614.80  
4.  ESGLB376A GB 3.39000   17-Jun-37 11.49   1.784681   116.599045   2,746.68  
5.  LB28DA GB 2.87500   17-Dec-28 2.99   1.200000   104.887364   2,392.87  
 
 
 
 Market News
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Found 65263 headlines
No. Date/Time Headlines
34816.       31-Mar-16 16:47     TRIS Rating Assigns “A-/Stable” Rating to Senior Unsecured Debt
Worth Up to Bt4,000 Million of “QH”
34817.       31-Mar-16 16:47     TRIS Rating Assigns “A-/Stable” Rating to Senior Unsecured Debt
Worth Up to Bt4,000 Million of “QH”
34818.       31-Mar-16 16:47     TRIS Rating Assigns “A-/Stable” Rating to Senior Unsecured Debt
Worth Up to Bt4,000 Million of “QH”
34819.       31-Mar-16 16:47     TRIS Rating Assigns “A-/Stable” Rating to Senior Unsecured Debt
Worth Up to Bt4,000 Million of “QH”
34820.       31-Mar-16 13:38     TRIS Rating Affirms Company & Senior Unsecured Debt Ratings
and Outlook of “CPFTH” at “A+/Stable”
34821.       31-Mar-16 13:38     TRIS Rating Affirms Company & Senior Unsecured Debt Ratings
and Outlook of “CPFTH” at “A+/Stable”
34822.       31-Mar-16 13:38     TRIS Rating Affirms Company & Senior Unsecured Debt Ratings
and Outlook of “CPFTH” at “A+/Stable”
34823.       31-Mar-16 13:38     TRIS Rating Affirms Company & Senior Unsecured Debt Ratings
and Outlook of “CPFTH” at “A+/Stable”
34824.       31-Mar-16 13:33     TRIS Rating Affirms Company & Senior Unsecured Debt Ratings of “CPF” at “A+”
with "Stable" Outlook
34825.       31-Mar-16 13:33     TRIS Rating Affirms Company & Senior Unsecured Debt Ratings of “CPF” at “A+”
with "Stable" Outlook
34826.       31-Mar-16 13:33     TRIS Rating Affirms Company & Senior Unsecured Debt Ratings of “CPF” at “A+”
with "Stable" Outlook
34827.       31-Mar-16 13:33     TRIS Rating Affirms Company & Senior Unsecured Debt Ratings of “CPF” at “A+”
with "Stable" Outlook
34828.       31-Mar-16 13:33     TRIS Rating Affirms Company & Senior Unsecured Debt Ratings of “CPF” at “A+”
with "Stable" Outlook
34829.       31-Mar-16 13:33     TRIS Rating Affirms Company & Senior Unsecured Debt Ratings of “CPF” at “A+”
with "Stable" Outlook
34830.       31-Mar-16 13:33     TRIS Rating Affirms Company & Senior Unsecured Debt Ratings of “CPF” at “A+”
with "Stable" Outlook
 
 
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