Foreign Firms Selling Baht-Denominated Bonds to face sctriter rules

The Securities and Exchange Commission (SEC) in Thailand is seeking public comments on proposed amendments and regulations for the sale of newly issued bonds denominated in Thai baht by foreign entities.

Key Takeaways

• The Securities and Exchange Commission (SEC) in Thailand is seeking public comments on proposed amendments and draft regulations to streamline the application process for the offer for sale of newly issued bonds of foreign entities denominated in Thai baht.
• The proposed amendments include requiring foreign issuers to file an application directly with the SEC, obtain an investment-grade rating from an international credit rating agency, appoint a bondholder representative, and register the bonds with the Thai Bond Market Association.
• The SEC aims to align the criteria for issuance and offer for sale of foreign currency-denominated bonds by foreign businesses in…