Warning issued to corporate bond investors

ThaiBMA urges a cautious approach

The Thai Bond Market Association (ThaiBMA) is urging investors to study related information cautiously before investing in corporate bonds, saying a number of companies have yet to recover from the impacts of the Covid-19 pandemic.

Since the beginning of this year, three companies have missed the payment of debentures worth a combined 12.1 billion baht, said the association’s executive vice-president Ariya Tiranaprakit.

Some other companies have been unable to meet the payment schedule but have reached an agreement with the bondholders to either reschedule the payment or adjust the interest rate payment, she added.

“Since…