By The Nation
The Bt500-million bond issued last month with 11-month and 29-day maturity were successfully sold to institutional investors and high net-worth individuals.
Executives of parties involved in the bond issuance briefed the press on Thursday (January 16).
Sa-ard Theerarojanawong, executive vice president of Bangkok Bank, lead manager of the issuance, says that blockchain shortens the time for bond-issuing preparation to just three days from seven to eight days.
The blockchain or distributed ledger technology (DLT) reduces the cost of issuing and provides real time information on bond holding, said Chuenkamol Boobphakam, president of the Toyota Leasing.
Her company, she said, has been active in the bond market with an outstanding corporate bond value of Bt90 billion. It ranks eighth among top issuers.
President of the Thai Bond Market Association Tada Phutthitada said more features will be added to the blockchain bond platform such as e-bond passbook which will inform bond holders about forthcoming coupon payments and other information.