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Foreign bond holding down to Bt48 bn

Foreigners' outstanding bond holding has dropped largely to Bt48 billion at end-June, due to the reserve requirement which has discouraged foreign investors invest in Thai bonds, according to Thai Bond Market Association.

The association said that the value accounts for only 1 per cent of outstanding baht bonds. At the end of last year, the outstanding was Bt130 billion.

"Though foreign capitals are flowing to the stock exchange, none has reached the bond market. Moreover, foreigners have unloaded their holdings due to the capital reserve requirement. The investment is for long-term gains, not speculation," said Nattapol Chavalitcheevin, president of the association.

- The Nation

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Foreign bond holding down to Bt48 bn

Foreigners' outstanding bond holding has dropped largely to Bt48 billion at end-June, due to the reserve requirement which has discouraged foreign investors invest in Thai bonds, according to Thai Bond Market Association.

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