Private bond issues are rushing to mobilise funds through the Thai bond market, in light of huge inflows to the market.
According to the Securities and Exchange Commission's announcement, during March 16-21, six organisations have filed for the approval for the issuance of bonds worth Bt22.8 billion.
Kasikorn Research Centre just estimated that net foreign inflows to the Thai bond market so far this year have reached Bt100 billion, against some Bt70 billion to the stock market.
Thai Bond Market Association estimated that aside from Bt540 billion bonds to be issued by the government for the 2012 fiscal year, the value of corporate bond issuance in the year could be between Bt250-Bt300 billion. The increase in corporate bond issuance is attributable to the downtrend in domestic interest rate, plus flood-affected businesses' need to raise more funds.
The following is the list of issuers and the amounts to be raised.
Industrial Bank of Korea/Bt7.3 billion
Tisco Bank/Bt1 billion
Thai Airways International/Bt1.5 billion
Bangkok Expressway/Bt1 billion
Thai Oil/Bt10 billion
Easy Buy/Bt2 billion