# Foreign Firms Selling Baht-Denominated Bonds to face stricter rules

- Link: https://www.thailand-business-news.com/banking/116600-foreign-firms-selling-baht-denominated-bonds
- Published: 2023-12-07T18:13:51+07:00
- Author: บรรณาธิการข่าวไทย

The Securities and Exchange Commission (SEC) in Thailand is seeking public comments
on proposed amendments and regulations for the sale of newly issued bonds denominated
in Thai baht by foreign entities.

## Key Takeaways

 * The Securities and Exchange Commission (SEC) in Thailand is seeking public comments
   on proposed amendments and draft regulations to streamline the application process
   for the offer for sale of newly issued bonds of foreign entities denominated 
   in Thai baht.
 * The proposed amendments include requiring foreign issuers to file an application
   directly with the SEC, 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.
 * The SEC aims to align the criteria for issuance and offer for sale of foreign
   currency-denominated bonds by foreign businesses in Thailand with the proposed
   amendments for baht bonds.

The proposed changes aim to streamline the application process and adjust the criteria
to better reflect the level of risk associated with foreign issuers. Currently, 
foreign issuers must comply with approval and disclosure rules, as well as obtain
approval from the Ministry of Finance. Under the proposed amendments, foreign issuers
would instead file an application directly with the SEC.

ADVERTISEMENT

Key points of the proposed 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.

### Related**Posts**

###  󠀁[Asian stocks retreat as oil rises above $100 and investors reassess global rate risks](https://www.thailand-business-news.com/markets/333019-asian-stocks-retreat-as-oil-rises-above-100-and-investors-reassess-global-rate-risks)󠁿

###  󠀁[Asian markets hold up despite bond rout as US yields enter a structurally higher regime](https://www.thailand-business-news.com/markets/332037-asian-markets-hold-up-despite-bond-rout-as-us-yields-enter-a-structurally-higher-regime)󠁿

###  󠀁[USD to THB Exchange Rate Today: Thai Baht Moves with Global Market Trends](https://www.thailand-business-news.com/banking/331689-usd-to-thb-exchange-rate-today-thai-baht-moves-with-global-market-trends)󠁿

###  󠀁[Bank of Thailand Unveils Framework to Shield Financial Sector from Illicit Activities](https://www.thailand-business-news.com/banking/328409-bank-of-thailand-unveils-framework-to-shield-financial-sector-from-illicit-activities)󠁿

The SEC would temporarily exempt outstanding non-investment grade bonds from these
requirements. The proposed amendments also seek to align the criteria for foreign
currency-denominated bonds with those for baht bonds. Stakeholders and interested
parties can submit comments and suggestions until December 20, 2023.