By THE NATION
TBMA senior executive vice-president Ariya Tiranaprakij said that the value was well over the association’s expectations.
One reason is that companies rushed to take advantage of the low interest to issue bonds to refinance the short term loans that they had taken out to finance their business takeovers.
The top five industries issuing the bonds during this period were real estate developers with an issuance worth Bt144 billion, followed by finance companies at Bt133 billion, banks Bt124 billion, ICT Bt115 billion, and food Bt89 billion.
Most of the issuances were made in the second half of this year, especially in perpetual bonds.
The association expects to see a lower value of Bt800 million in corporate bond issuance in 2020, due partially to the new stricter rules of the Securities and Exchange Commission on corporate bond trading.
The value of the bonds due next year is worth Bt622 billion.