Thailand launches retail bond exhange

Landmark event in Thai bond market passes by with a whimper.

The Thai stock exchange has launched a new trading platform for corporate bonds. The Bond Market Exchange BMX, which opened for business Wednesday, is a secondary bond market that will make trading easier and more transparent for retail investors.

The market started trading with Bt141 billion of bonds $3.53 billion from some of Thailand's leading companies Siam Cement, Advanced Info Service AIS, Thai Airways, National Finance, Shin Corp and Krungthai Card. The bonds are rated from AA- to A- and have maturities from three to five years.

Before the launch of BMX, only 53 of Thailand's 415 listed companies had raised funds through the bond markets, where...

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