19 September 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 8%.Govt gained the major portion or by 46% of total outright trading value , following by SA and CORP bonds,respectively.Govt bonds yields fluctuated within a range of -4 to 7 bp.Govt clean price index ended higher by 16 bp and corp index (BBB up) closed higher by 5 bp.The most active issue was LB456A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 17,685,224.95   0.01  
 Number of issues 2,825  
 Total Trading Value 1,168,786.49   -7.71  
   Outright/Cash Trading 51,902.30   -52.99  
   Financing 1,116,769.36   -3.34  
   Others 114.82   -80.01  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 810,379,012.30  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 115.70 0.16 116.42 0.17 372.24 0.55 1.75   9.57   185.92  
    Group 1 ( 1 < TTM <=3 ) 72.11 0.01 72.47 0.01 229.36 0.03 1.12   1.97   5.18  
    Group 2 ( 3 < TTM <= 7 ) 109.84 0.09 110.48 0.1 339.89 0.3 1.16   4.47   24.40  
    Group 3 ( 7 < TTM <= 10 ) 147.39 0.17 148.15 0.18 473.07 0.57 1.32   7.78   69.11  
    Group 4 ( 10 < TTM ) 202.83 0.47 204.22 0.48 664.56 1.58 1.90   15.70   362.12  
    Group 5 (<= 10) 91.57 0.05 92.08 0.06 287.52 0.19 1.21   3.92   23.78  
SOE (G) Bond Index 105.81 0.1 106.38 0.1 202.88 0.2 1.42   4.52   35.22  
SOE (NG) Bond Index 114.30 0.15 115.08 0.15 234.29 0.32 1.95   5.97   56.75  
Corporate Bond Index (BBB up) 109.01 0.05 109.67 0.06 233.36 0.13 2.43   2.97   16.52  
Corporate Bond Index (BBB+ up) 109.43 0.06 110.10 0.07 233.36 0.14 2.38   3.02   16.99  
 
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.  LB456A GB 2.98000   17-Jun-45 19.76   1.957071   116.673638   5,220.30  
2.  CB25D11B SA 0.00000   11-Dec-25 0.23   1.300000   99.716781   3,910.89  
3.  CB25O09A SA 0.00000   09-Oct-25 0.05   1.255161   99.941231   3,641.86  
4.  CB25N20A SA 0.00000   20-Nov-25 0.17   1.289147   99.781678   3,584.16  
5.  LB284A GB 2.05000   17-Apr-28 2.58   1.102234   102.388412   3,254.37  
 
 
 
 Market News
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Found 64460 headlines
No. Date/Time Headlines
43906.       19-Dec-13 15:22     BE  of  ASK to be registered on December 19, 2013
43907.       19-Dec-13 15:22     BE  of  AYCAL to be registered on December 19, 2013
43908.       19-Dec-13 15:22     BE  of  FNS to be registered on December 19, 2013
43909.       19-Dec-13 14:04     TRIS affirms the company rating of TSFC at “BB+”/ Stable.
43910.       18-Dec-13 15:14     BE  of  TICON to be registered on December 18, 2013
43911.       18-Dec-13 15:14     BE  of  TISCOG to be registered on December 18, 2013
43912.       18-Dec-13 15:14     S-T debentures  of  BAY to be registered on December 18, 2013
43913.       18-Dec-13 15:14     S-T debentures  of  CIMBT to be registered on December 18, 2013
43914.       18-Dec-13 15:13     BE  of  ASK to be registered on December 18, 2013
43915.       18-Dec-13 15:13     BE  of  AYCAL to be registered on December 18, 2013
43916.       18-Dec-13 14:49     Company name of  ACL Securities Company Limited (ACLS) has been changed.
43917.       18-Dec-13 10:25     Loan Bonds Auction Results
43918.       17-Dec-13 15:42     The payment dates of RG13DA, RG146A and RG14DA have been changed.
43919.       17-Dec-13 14:44     BE  of  SWP to be registered on December 17, 2013
43920.       17-Dec-13 14:44     BE  of  TFD to be registered on December 17, 2013
 
 
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