Deal completed Q1/65 1.6 billion
Mr. Sanguan Jungsakul Senior Vice President Money Market Business Division, Capital Market, Krung Thai Bank or KTB extension Revealing the “economic basis” that in the near term there are bonds that will mature at 156 billion baht in the first quarter. In January alone, the price was 39.911 million baht, while the ratethe interest rateThere is an upward trend, which may lead the private sector to find cheap sources of finance instead.
together with the first 3 quarters of last year The market is rushing to issue bonds. because the cost of issuing bonds is lower Yield curve of Thai government bonds that have previously increased Even if the official interest rate is increased
However, the cost of issuance of the bonds in Q4 2022, 5-year A-rated bonds with an interest rate of 3.32% since the end of Q3 2021 was at 3.89% a decrease of 0.57 % or BBB+ bonds down 0.7% to 4.33% from the end of Q3 2021 to 5.03%
However, interest rates on loans are likely to rise this year. Therefore, the private sector may need to find a cheaper source of funds. After 2022, the private sector will be seen to raise funds. by issuing a large number of bonds As a result, outstanding bonds increased by 440 billion baht, which was the largest increase in the outstanding balance in a single year and brought the total outstanding bonds to 4.3 trillion of baht.
While the duration of Thai bonds will be longer, averaging 3.3 years, up from the end of 2021 with an average age of 2.8 years, reflecting a longer cost freeze over the past year.
The year 65 asked to extend the debt of 24 people.
As for the trend of the default, Mr. Sanguan said he believes this is the signalnon-payment of obligationsAround the year 2022, there are 24 companies with an outstanding balance of 100,130 million baht, which is 2.32% of the total outstanding stock market bonds of 4.3 trillion baht, but if you cut the bonds of Thai Airways International Public Company Limited over 7.7 billion baht, it will be seen that The bonds in default amounted to only 28.5 billion baht, accounting for only 0.66% of the total outstanding bonds in the system.
Ms. Kanchana Chokpaisarnsilp research manager Kasikorn Research CenterHe said overall in 2023 there will be both short-term and long-term bonds maturing totaling 651 billion baht, covering 27 industry groups, with the first quarter having bonds maturing at 1.6 billion baht, the second quarter for a total of 169,846 million baht, and the third quarter for a total of 167,469 million baht and the fourth quarter for a total of 149,636 million baht
While the top 10 industrial groups with maturing bonds are
- Funding 133,564 million baht
- Real estate 127,358 million baht
- ICT 91,473 million baht
- Energy 55,148 million baht
- Communication 54,477 million baht
- Food 49.432 million baht
- Building materials 36,656 million baht
- Transportation and logistics 26,109 million baht
- Bank 20,409 million baht
- Agriculture 11,828 million baht
SNW calls for another debt extension.
It was recently reported that Siamnuwat Limited Liability Company or SNOW The company operates a real estate development business, notifying the Thailand Stock ExchangePostponement of obligationsfrom this year’s expiration date, 1 year is
- “Model SNW231A” bond with credit limit of 200 million baht maturing January 27, 2023
- Bonds “Model SNW233A” with a credit line of 160 million baht maturing March 2, 2023.
- Bonds “Model SNW233A”, amount of 200 million baht maturing April 28, 2023.
But SNW is different from ALL in that it does not lack liquidity.
sideAreeya Property Plc. There is still no movement whether or not to extend the repayment of the bonds after finding that the 2023 bonds are gradually due, i.e.
- Series A231A bond, amount 971.20 million baht, interest 6.35% maturing January 19, 2023
- Series A233A Bonds in the amount of 645 million baht, interest rate 7% maturing March 11, 2023 (but since March 11, 2023 is a public holiday, repayment has been postponed to March 13, 2023)
Both series 1 and 2 of Areeya Public Company Limited are in the process of issuing 2,000 million baht bonds to replace both series 2 of bonds (effective date 11 January 2023) 3. A238A bonds in the amount of 1,348, 5 million baht, 7% interest in full, scheduled for August 11, 2023
