Wednesday, September 30, 2020

Investors opt for corporate bonds as Covid-19 impact eases

Aug 10. 2020
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By The Nation

Investment in corporate bonds has improved over the past two months as investors appear to be less worried about the Covid-19 fallout, said Ariya Tiranaprakij, senior executive vice president of The Thai Bond Market Association.

The other contributing factor is that investors are looking for investments that yield high returns now that deposits are getting low interest.

She added that many firms have started raising funds by issuing bonds after having to postpone their planned bond issuance earlier.

In the first week of August, the value of issued bonds stood at Bt9.580 billion.

If the Covid-19 situation continues to improve, the association expects to see between Bt80 billion and Bt90 billion worth of bonds to be issued monthly for the rest of the year. Total bond issuance this year is expected to hit at least Bt800 billion.

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