New long-term corporate bond issuance exceeded 100 billion baht in the first two months of this year, as corporations prepare for a splurge of investment once the economy begins to recover ahead of a potential rise in interest rates.
Thai Bond Market Association (TBMA) senior vice-president Sirinart Amornthum said private companies have already raised 106 billion baht in long-term corporate bonds in the first two months of this year.
All of them are credit rating bonds rated A- or higher and are considered well received by investors.
“There is a larger amount of corporate bond issuance than expected, when compared with the same period last year, when 87.5 billion baht were issued,” she said.
Mrs Sirinart said there are a few signs the economy is on the path to recovery. Since the beginning of the year, the US 10-year bond yield increased 51 basis points, while…
