Thailand set for highest ever $16 bn Bond issue

The Thai private sector is expected to issue bonds worth more than 510 billion baht ($16 billion) this year, which will cross the earlier record bond issue of 509 billion baht ($15.9 billion) in 2012, said the Thai Bond Market Association.

As of October 15, the private sector has already issued bond worth 485.5 billion baht, which is higher than total value of bond issued in 2013. Another 25-billion-baht bond  issue is planned in the second half of October, said the association’s president Tada Phutthitada.

“The interest rate should stay low until the second quarter of next year making it a perfect time for the private sector to issue bonds,” he added.

While the  bond supply is increasing, it is still falling short of the demand. Thai appetite for bonds is slated to touch 863 billion baht ($26.9 billion) annually.

This increased demand is a direct result of the Fiscal Policy Office’s announcement regarding the reduction of the deposit guarantee ceiling from 50 million baht per depositor, per bank to one million baht in August, 2016. This announcement has made the bond and stock investments much more attractive for the investors. “Currently, the supply is much less than the demand, so both the private sector and the government sector can raise funds via bond for their projects,” he added.

(Edited by Yamini Dhall)

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.