The Securities and Exchange Commission (SEC) is enhancing oversight measures for high-yield bonds to fortify payment protections and investor assurance, according to remarks made by SEC Secretary-General Pornanong Budsaratragoon. This move comes in response to recent market instabilities caused by numerous defaults and a significant accounting scandal in the speculative debt sector.
As part of this heightened vigilance, the SEC has taken a proactive approach to communicating with companies upon the release of news or information that could potentially impact the servicing of high-yield debts. This is a shift from the regulator’s previous stance, which was less involved and primarily involved reaching out to bond issuers approximately three months before their note expiry dates, as the secretary-general noted.
The appeal of high-yield debts in Thailand has been on a decline…
