The 10-year Thai government bond yield increased by more than 100 basis points in line with the US 10-year treasury bond yield after the Federal Reserve hiked rates by 75 basis points at its meeting last month, driving public firms to issue debt to avoid financial costs from rising interest rates.
According to data from the Thai Bond Market Association (TBMA), the value of private bond issuance rose 27% year-on-year in the first half of the year.
The value of long-term corporate bond issuance totalled 660 billion baht for the first half of 2022, up 27% from the same period last year. The value of debentures issued in all credit rating groups also increased across the board.
