The capital market in Thailand has launched multiple issuances of perpetual bonds.
With a long-term nature and relatively lucrative returns compared to plain vanilla bonds, perpetual bonds — which are also referred to as “perps” — are increasingly popular among corporate issuers. As a result, it benefits the companies in terms of capital structure management in long-term investment plans.
General corporate bonds normally have fixed interest payments and a redemption date on which their principal will be repaid. In contrast, perpetual bonds do not determine a fixed coupon payment date or…