The Stock Exchange of Thailand’s (SET) Bond Electronic Exchange (BEX), a secondary market for bonds trading, is ready to welcome Thailand’s first scripless government savings bonds on BEX, aiming at boosting bonds liquidity and increasing investment opportunities for bond investors.
The scripless government savings bonds, issued by the Public Debt Management Office of Ministry of Finance, are worth THB 80 billion (approx. USD 2.5 billion) and will be sold during September 3-14.
“BEX is ready to be a secondary market for all types of bonds and all related fixed income instruments. With world-class standard computer system, BEX can operate trading with convenience, fast, transparency, and fairness. Bond investors are able to trade bonds via 38 broker members. The listing of the 80-billion-baht government savings bonds on BEX enables savers to buy bonds after the selling period and sell them before maturity,” said SET President Charamporn Jotikasthira.
In addition, SET group provides full service trading with Thailand Securities Depository Co., Ltd. supporting clearing and settlement services and offering depository in scripless form for the bonds.
Currently, there are 637 issues of bonds trading on BEX. Of that, 69 issues are government bonds, 471 are issued by state enterprises and government units, 96 are corporate bonds, and one by ABF Thailand Bond Index Fund (ABFTH). Top five actively-traded brokers are (in descending order) Thanachart Securities pcl, KGI Securities (Thailand) pcl, Asia Plus Securities pcl, Bualuang Securities pcl, and Maybank Kim Eng Securities (Thailand) pcl.