Tuesday, March 5, 2024

Foreign Firms Selling Baht-Denominated Bonds to face stricter rules

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Foreign firms looking to sell bonds denominated in Thai Baht will face stricter rules under proposed changes. These changes include requiring the foreign issuer to obtain an investment-grade rating from an international credit rating agency, appoint a bondholder representative, and register the bonds with the Thai Bond Market Association. These changes aim to enhance transparency and investor protection in the Thai bond market. It will also provide more oversight and regulation for foreign firms looking to issue bonds in the country.

The proposed changes will require foreign issuers to take certain steps before selling bonds denominated in Thai Baht. This includes obtaining an investment-grade rating from an international credit rating agency, appointing a bondholder representative, and registering the bonds with the Thai Bond Market Association. These changes are designed to improve transparency and investor protection in the Thai bond market, while also providing more oversight and regulation for foreign firms issuing bonds in Thailand.

The new requirements are meant to ensure that foreign firms selling bonds in Thailand adhere to higher standards of transparency and investor protection. By requiring an investment-grade rating, appointing a bondholder representative, and registering bonds with the Thai Bond Market Association, foreign issuers will be subject to stricter rules aimed at improving the overall integrity and oversight of the Thai bond market.

Source link : Foreign Firms Selling Baht-Denominated Bonds to face stricter rules

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