The Thai bond market made a significant stride of development following the 1997
Asian crisis when Thai Government issued substantial amount of debt instruments to
mobilize funds for the nation’s development in many aspects. At the end of 2006,
outstanding value of domestic bonds totaled THB 4,085.26 billion, the majority
portions or about 77% of which were government debt securities comprising loan
bonds (LB) and treasury bills (TB) issued by the Ministry of Finance (43%), state
agency bonds* (22%) and state-owned enterprise bonds (12%). The remaining 23%
were long term corporate bonds and commercial papers whereas the Baht
denominated foreign bonds shared marginally by less than 1%.
The long term corporate bonds in Thailand are mainly straight and plain. For
structured bonds which are featured to be more complicated than general debt
instruments, the market is still at an early stage of development. The structured
bonds can be categorized into two groups: structured notes and securitization bonds.
Most of the structured notes in Thailand are issued by commercial banks and are
mainly Equity-Linked Notes (ELN). Although the period 1993-1998 witnessed the
emergence of securitization market development in Thailand, it did not gain
considerable momentum until late 2003 when Dhanarak Asset Development Company Limited (DAD), an asset management company owned by the Ministry of Finance (MOF), mobilized funds though the issuance of the largest size of securitization bonds in Thailand for the Government Complex Project.
Макроэкономика:
Во втором квартале 2026 года экономика Таиланда продемонстрировала замедление, что подтверждается годовым ростом ВВП на уровне 1.9% при квартальном увеличении на -0.2%.
Годовая инфляция по состоянию на 2026-07-31 ускорилась до 1.34%, при этом регулятор поддерживает ключевую ставку на уровне 1% по состоянию на 2026-08-26.
Фискальная политика страны отражает бюджетный дефицит, который по состоянию на конец июля 2026 года составил 49570 млн THB, при этом доходы бюджета на июль 2026 года достигли 194223 млн THB, а расходы бюджета на июль 2026 года составили 243793 млн THB.
Торговый баланс Таиланда имеет отрицательное значение, составив 3611 млн USD на 2026-07-31. Экспорт на 2026-07-31 составил 34781.1 млн USD, а импорт за этот же период - 38399.6 млн USD.
