In 2017, issuance of B/E and non-rated short-term bonds was valued at 300 billion baht, representing 7.8% of total outstanding value in the domestic bond market. B/E and unrated short-term bonds were favoured by small companies to raise funds two years ago. In 2016, issuance of the two was worth 393 billion baht or 10.4% of total outstanding value in the domestic bond market. Damages were around 16 billion baht, representing 0.4% of total outstanding value of the Thai bond market. Non-investment grade and unrated mutual funds also fell from 18.7 billion baht as of June to 104 billion in 2016.

Source: Bangkok Post September 13, 2018 23:48 UTC