Three corporate defaults in H1
The Bank of Thailand is monitoring the rollover of corporate bonds in the second half after more defaults occurred in the first half, dampening bond market sentiment.
Even though no more corporate bonds are scheduled to mature in the second half of 2023, the central bank said it needs to monitor rollover, particularly in the high-yield segment.
Investors are more cautious about debenture investment following the increase in company defaults in the first half, according to the Bank of Thailand’s financial stability report for the second quarter.
In the first half of 2023, three companies reported bond defaults, accounting for 0.3% of the…
