Bond issuance hits B1tn, spurred by M&A activityNew corporate bond issuance in Thailand has hit a record of 1 trillion baht, thanks to strong demand for fund mobilisation for mergers and acquisitions and business expansion locally and abroad, says the Thai Bond Market Association (TBMA). Allocation of perpetual bonds worth 100 billion baht, representing one-tenth of bonds sold this year, also gave a boost, he said. The six issuers were True Corporation Plc at 72 billion baht, Thai Beverage Plc at 53 billion baht, Berli Jucker Plc at 38 billion baht, True Move H Universal at 37.3 billion baht and Bank of Ayudhya and Minor International Plc at 33 billion baht each. According to TBMA data, the amount of new corporate bond issuance has kept rising over the past five years. The outstanding corporate bond amount jumped from 2.47 trillion baht in 2014 to 3.92 trillion as of Nov 18, 2019.

Source: Bangkok Post November 21, 2019 23:26 UTC