12 December 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 decreased by 26%.Govt gained the major portion or by 64% of total outright trading value , following by SA and CORP bonds,respectively.Govt bonds yields fluctuated within a range of -1 to 10 bp.Govt clean price index ended lower by -6 bp and corp index (BBB up) closed lower by -4 bp.The most active issue was LB336A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 17,871,301.99   -0.31  
 Number of issues 2,792  
 Total Trading Value 1,172,265.91   -25.83  
   Outright/Cash Trading 62,310.50   -52.77  
   Financing 1,108,752.88   -23.35  
   Others 1,202.52   -41.9  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 757,186,827.56  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 111.97 -0.06 113.19 -0.11 362.50 -0.15 2.07   9.15   172.63  
    Group 1 ( 1 < TTM <=3 ) 71.82 -0.01 72.32 -0.01 229.59 -0.02 1.22   1.74   4.22  
    Group 2 ( 3 < TTM <= 7 ) 108.53 -0.04 109.64 -0.03 337.87 -0.11 1.36   4.21   21.82  
    Group 3 ( 7 < TTM <= 10 ) 143.22 -0.16 144.74 -0.15 462.42 -0.48 1.66   7.58   66.10  
    Group 4 ( 10 < TTM ) 191.71 -0.11 194.12 -0.31 632.41 -0.33 2.25   15.19   342.97  
    Group 5 (<= 10) 90.51 -0.04 91.37 -0.03 285.86 -0.1 1.44   3.83   22.88  
SOE (G) Bond Index 104.38 -0.06 104.90 -0.07 201.14 -0.11 1.70   4.41   34.26  
SOE (NG) Bond Index 111.99 -0.09 112.71 -0.08 231.01 -0.17 2.26   5.89   54.42  
Corporate Bond Index (BBB up) 108.42 -0.04 109.08 -0.03 233.90 -0.07 2.57   2.99   16.45  
Corporate Bond Index (BBB+ up) 108.82 -0.05 109.49 -0.04 233.85 -0.08 2.51   3.05   16.98  
 
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 7.52   1.583682   112.447267   6,443.01  
2.  LB456A GB 2.98000   17-Jun-45 19.53   2.325008   110.224381   4,955.24  
3.  LB284A GB 2.05000   17-Apr-28 2.35   1.229280   101.885051   4,550.73  
4.  LB303A GB 1.66000   17-Mar-30 4.26   1.300289   101.488782   4,412.43  
5.  LB353A GB 2.41000   17-Mar-35 9.27   1.697184   106.086990   2,987.05  
 
 
 
 Market News
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Found 65173 headlines
No. Date/Time Headlines
40531.       11-Mar-15 16:47     BE  of  LALIN to be registered on March 11, 2015
40532.       11-Mar-15 16:46     BE  of  ASK to be registered on March 11, 2015
40533.       11-Mar-15 16:46     BE  of  DA to be registered on March 11, 2015
40534.       11-Mar-15 08:40     TRIS Rating Affirms Company & Senior Unsecured Debt Ratings and Outlook of “GLOBAL” at “A-/Stable”
40535.       10-Mar-15 15:00     BE  of  ASK to be registered on March 10, 2015
40536.       10-Mar-15 14:59     BE  of  TFG to be registered on March 10, 2015
40537.       10-Mar-15 14:59     S-T debentures  of  KK to be registered on March 10, 2015
40538.       10-Mar-15 14:59     STN   of  DBSV to be registered on March 10, 2015
40539.       10-Mar-15 14:59     S-T debentures  of  TISCO to be registered on March 10, 2015
40540.       10-Mar-15 14:58     BE  of  EASY BUY to be registered on March 10, 2015
40541.       10-Mar-15 14:58     BE  of  QH to be registered on March 10, 2015
40542.       10-Mar-15 14:58     BE  of  SIRI to be registered on March 10, 2015
40543.       10-Mar-15 14:49     TRIS Rating Affirms Company Rating and Outlook of “VNT” at “A-/Stable”
40544.       10-Mar-15 14:47     TRIS Rating Cancels Company Rating of “SEAN”
40545.       10-Mar-15 14:45     TRIS Rating Assigns “AA+/Stable” Rating to Guaranteed Debt Worth Up to Bt2,000 Million of “TOLC”
 
 
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