Energy Sector Accelerates Bond Issuance: GULF Raises Funds for Expansion and Acquisitions

Prachachat··TH·Read original
2▲1 ▼2Impact / 5
Summary · why it matters

The Thai Bond Market Association revealed that the overall corporate bond issuance from the beginning of the year to August 20, 2026, totaled 507 billion baht, similar to the 517 billion baht in the same period last year. However, the number of issuing companies decreased from 123 to 105. The energy sector raised the most funds, particularly GULF, which has already issued 35 billion baht in bonds and plans to sell six new tranches in October. Meanwhile, major banks have halted bond issuance due to excess liquidity, such as Bank of Ayudhya and Kasikornbank, which had bonds maturing but did not issue replacements. Companies in the CP Group have turned more to short-term debt instruments, while PTT Group issued only 13 billion baht in new bonds against 22.5 billion baht in maturities. The association expects interest rates to remain stable until the end of the year, facilitating continued bond issuance, and targets full-year issuance of 880-900 billion baht.

Impact on assets 3

Financials▼ · 2 stocks
Bank of Ayudhya PCL
BAY
▼ NegativeCapitalrelevance

Bank of Ayudhya halted bond issuance due to excess liquidity, with maturing bonds not replaced.

Energy Transition & Power Demand▲ · 1 stocks

Off-coverage companies 1

Charoen Pokphand GroupPrivate± Mixed
Capitalrelevance

CP Group companies turned more to short-term debt instruments, indicating a shift in financing strategy.

© 2026 MarketIVNews