# SEC amends regulations for approval of newly issued bonds by foreign entities

- Link: https://www.thailand-business-news.com/companies/120614-sec-amends-regulations-for-approval-of-newly-issued-bonds-by-foreign-entities
- Published: 2024-01-04T10:52:43+07:00
- Author: News Desk

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Bangkok, 2 January 2024 – The Securities and Exchange Commission (SEC) has amended
the regulations on approval of offer for sale of newly issued bonds of foreign entities,
effective from 1 January 2024.

 * The Securities and Exchange Commission (SEC) has amended regulations to allow
   foreign issuers to directly apply for approval to sell Thai baht bonds in Thailand
   without prior approval from the Ministry of Finance.
 * Foreign issuers of baht bonds must 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 criteria for issuing and selling foreign currency-denominated bonds by foreign
   entities in Thailand have been aligned with the amendments to the baht bond offering
   regulations.

The amendments aim to enhance suitability for the risk profile of the foreign issuer
and alignment with the changing contexts and landscape of the bond market. In this
regard, five relevant notifications have been revised, containing the key amendments
as follows: 

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The Securities and Exchange Commission (SEC) in Thailand has made amendments to 
its regulations regarding the approval of the offer for sale of newly issued bonds
of foreign entities. The changes, effective from January 1, 2024, aim to improve
suitability for the risk profile of foreign issuers and align with the evolving 
bond market.

The key amendments include allowing foreign issuers to directly apply for approval
of bonds denominated in Thai baht without prior approval from the Ministry of Finance,
requiring foreign issuers of baht bonds 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.

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The criteria for issuance and offer for sale of foreign currency-denominated bonds
by foreign entities have also been aligned with the baht bond offering regulations.
The amended regulations have been published in the Government Gazette.

**Source** : [SEC amends regulations on approval of offer for sale of newly issued bonds of foreign entities](https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=10403&rand=40)