- October 10, 2022
- Posted by: admin
- Category: Daily News
- 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.