Bangkok, 2 January 2024 – The Securities and Exchange Commission (SEC) has amended the regulations on approval of offer for sale of newly issued bonds of foreign entities, effective from 1 January 2024.
- The Securities and Exchange Commission (SEC) has amended regulations to allow foreign issuers to directly apply for approval to sell Thai baht bonds in Thailand without prior approval from the Ministry of Finance.
- Foreign issuers of baht bonds must 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 criteria for issuing and selling foreign currency-denominated bonds by foreign entities in Thailand have been aligned with the amendments to the baht bond offering regulations.
The amendments aim to enhance suitability for the risk profile of the foreign issuer…
