Thai bond issuance to reach record USD34bn in 2022

• Thai bond issuance is set to reach a record high this year of THB1.3tr (USD34.46bn) as borrowers race to lock in costs as the economy recovers, an industry body said on 10 Oct 22.
• “Interest rates are rising, so people are locking up costs because the longer you wait, the higher the costs,” said Ariya Tiranaprakij, senior vice president at Thai Bond Market Association.
• “Companies have issued at least THB50bn and there will be more from rollover in the 3Q22 so in 2022 we should reach at least THB1.3tr,” Ariya said.
• The Bank of Thailand in Sep 22 raised policy rates another 25 basis points to 1.00% and has said that it was willing to adjust tightening if necessary.

External Link : https://www.bangkokpost.com/business/2411145/thai-bond-issuance-to-reach-record-34bn-this-year-association