Pursuant to the Ministry of Finance’s Ministerial Notification re: Permission to Issue Baht-Denominated Bonds or Debentures in Thailand on the 11th April 2006 and four amendments, which stipulates criteria for permission to issue Baht-denominated bonds or debentures in Thailand. The Ministry of Finance would like to inform that the criteria to be considered comprise of impacts on Thai corporate bond issuance, the opportunity for domestic investors to invest in quality bonds, the development of Baht-denominated bond market and its impact on Thailand’s financial market. For the issuance period during the 1st January to the 30th September 2020, the Minister of Finance has permitted 2 foreign entities to issue Baht-dominated bonds or debentures in Thailand within the 30th September 2020 upon the agreement that the 2 foreign entities must use all proceeds of the bonds or debentures according to the term and conditions specified by the Ministry of Finance. The lists of the permitted entities are as follows;
1) Nam Ngum 2 Power Company Limited (NN2PC)
2) Vingroup Joint Stock Company (Vingroup)
The Ministry of Finance, thereby, reserves the right to restrain any Baht-denominated bond or debenture issuance if there appears to be significant changes in the financial status or structure of the permitted entities or the permitted entities fail to perform according to the conditions stated in the approval letter.
The Ministry of Finance extends its sincere appreciation to all applicants for their interests in Baht-denominated bonds in the Thai bond market. For the next submission periods, qualified entities who may be interested in issuing Baht-dominated bonds or debentures are able to submit their applications three times a year in March, July and November.
Bond Market Development Bureau, Public Debt Management Office
Tel: 02-2717999 #5819
Source: Ministry of Finance