Thai Bond Market Association (ThaiBMA)
Thai Bond Market Association (ThaiBMA) is the structural Thai bond-market self-regulatory body and information services hub. Publishes Thai government bond yield curves, corporate bond pricing references, primary and secondary market trading statistics. Operates the Thai bond information system. Coordinates with Bank of Thailand, Thai SEC, and Public Debt Management Office on bond-market operations and policy.
Snapshot
Headline numbers a buyer checks first.
Established
1994
founding
Set up under SEC supervision as Thai bond market SRO
Thai bond market outstanding
~THB 25T
2024
Government, state enterprise, and corporate bonds combined
Corporate bond issuance (annual)
~THB 1.2T
2024
Mandate
Self-regulatory body; publishes yield curves and market data
2024
Profile overview
Thai Bond Market Association (ThaiBMA) is the structural Thai bond-market self-regulatory body and information services hub. Publishes Thai government bond yield curves, corporate bond pricing references, primary and secondary market trading statistics. Operates the Thai bond information system. Coordinates with Bank of Thailand, Thai SEC, and Public Debt Management Office on bond-market operations and policy.
Programs administered
Yield curves
Thai government bond benchmark yields
Publishes daily Thai government bond yield curves (1M to 50Y maturities) used as benchmark for corporate bond pricing, bank lending rates, and sovereign credit analysis. Primary pricing reference for THB fixed-income markets.
Bond information system
ThaiBMA data portal
Operates the Thai bond information system providing primary and secondary market transaction data, issuance calendars, corporate bond ratings, and ESG bond tracking. Used by institutional investors, regulators, and issuers.
Market statistics
Corporate issuance, default tracking
Publishes monthly and annual corporate bond issuance statistics, default and restructuring tracking, and market turnover data. Issues annual Thai bond market outlook and sector-allocation analysis.
Self-regulation
Dealer conduct, market standards
Oversees bond dealer conduct standards, pricing transparency rules, and market-making obligations for registered bond dealers. Coordinates with Bank of Thailand and SEC on regulatory overlap.
Thai bond market structure
Outstanding bond stock by issuer type, approximate FY2024
Government bonds (TGB)
Bank of Thailand bonds
Key drivers 2025-2026
Interest rate cycle
BOT policy rate and yield curve
BOT policy rate path (currently 2.5%) shapes the short-end of ThaiBMA yield curves. Rate cuts in 2025-2026 would steepen the curve and affect corporate bond refinancing costs.
ESG bonds
Green, sustainability bond growth
ThaiBMA tracking ESG bond issuance growth; green bonds, sustainability-linked bonds, and social bonds are the fastest-growing Thai capital market segment. PDMO green bond framework is catalyst.
Corporate defaults
High-yield segment stress monitoring
ThaiBMA default tracking for the high-yield corporate bond segment; construction, property, and SME issuers are the stress-watch categories in a high-household-debt environment.
Where this profile is featured
Reports that reference this entity in their operator concentration or analysis.
Featured in
Thai Public Debt: 60% Debt-Ceiling, MoF Bond Issuance, and the Pheu...
Industry association Thai bond market.
Featured in
Thai Baht Bond Market: Corporate Issuance Cycle and Foreign-Investo...
Self-regulatory body for Thai bond market; publishes yield curves, issuance data, default tracking; trims and revises issuance forecasts.
Featured in
Thai Baht FX Cycle: BOT Policy and the Tourist-Corridor Demand
Self-regulatory body for Thai bond market; publishes yield curves, issuance data, default tracking; trims and revises issuance forecasts.
Related Market profiles
Peers, parents, partners, agencies, and other Fixed Income actors.
Reports featuring this profile
Thai Public Debt: 60% Debt-Ceiling, MoF Bond Issuance, and the Pheu Thai Fiscal Cycle
Industry association Thai bond market.
Open report →
Sits alongside 4 other Atlas profilesThai Baht Bond Market: Corporate Issuance Cycle and Default Wall
Self-regulatory body for Thai bond market; publishes yield curves, issuance data, default tracking; trims and revises issuance forecasts.
Open report →
Sits alongside 3 other Atlas profilesThai Baht FX Cycle: BOT Policy and the Tourist-Corridor Demand
Self-regulatory body for Thai bond market; publishes yield curves, issuance data, default tracking; trims and revises issuance forecasts.
Open report →
Sits alongside 3 other Atlas profiles