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.

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