What is Secondary Bond Trading, and Why Invest in Secondary-Market Bonds?

What is Secondary Bond Trading, and Why Invest in Secondary-Market Bonds?


Secondary bond trading through BLS Bond Market is a service provided by Bualuang Securities Public Company Limited that enables clients to buy and sell bonds in the secondary market. The platform brings together available bond offerings and key information, including coupon rates, estimated yields, remaining maturities, offering types, credit ratings, and risk levels. This allows investors to compare different bonds and select those that best suit their investment objectives more conveniently.

Why invest in secondary market bonds through BLS Bond Market?

  • Access a wide selection of bonds without waiting for new issues.
  • Choose the maturity, expected return, and risk level that suit your investment goals.
  • Receive coupon payments according to the bond's terms.
  • Gain the opportunity to earn capital gains by selling the bond at a higher price.

Please note that bond prices and yields in the secondary market fluctuate with market conditions. Investors should carefully review the issuer's information, credit rating, remaining tenor, bond terms, and associated risks before investing. Orders for secondary market bonds can be placed through your Investment Consultant or BLS Customer Service at +66 2 618 1111.

BLS Bond Market

Data As of: 4 September 2026

Bond Code Issuer Offering Type
PTTGC274A PTTGC 1.04% 0.61 PP13e AA-(tha) (FITCH(tha)) 2 Very High
SJWD279A SJWD 2.11% 1.06 PO BBB+(tha) (FITCH(tha)) 5 High
SPI276A SPI 1.13% 0.82 PP13e A+ (TRIS) 3 High
TBEV275A TBEV 1.04% 0.69 PP13e AA (TRIS) 2 -
WHA279A WHA 1.29% 1.07 PP13e A- (TRIS) 3 High
TICON283A FPT 1.35% 1.55 PP13e A (TRIS) 4 Medium
GULF28OA GULF 1.48% 2.10 PP13e AA- (TRIS) 2 High
TBEV28DA TBEV 1.30% 2.30 PP13e AA (TRIS) 2 -
SAWAD27NA SAWAD 2.54% 1.25 PO A-(tha) (FITCH(tha)) 3 Medium
SAWAD303A SAWAD 3.12% 3.56 PO A-(tha) (FITCH(tha)) 3 Medium
MTC305A MTC 2.77% 3.75 PO A-(tha) (FITCH(tha)) 3 Medium
SAWAD28NC SAWAD 2.64% 2.24 PO A-(tha) (FITCH(tha)) 3 Medium
BJC346A BJC 3.25% 7.77 PP13e A (TRIS) 3 High
CPALL343A CPALL 2.59% 7.58 PO AA- (TRIS) 3 High
CPALL352A CPALL 3.10% 8.49 PO AA- (TRIS) 3 High
CPF358A CPF 2.91% 8.94 PO A (TRIS) 3 Medium
DUSIT296A DUSIT 3.99% 2.80 PP13e BBB- (TRIS) 5 Medium
HMC28OA HMC 4.92% 2.11 PP13e BBB-(tha) (FITCH(tha)) 5 -
HMC292A HMC 5.13% 2.50 PP13e BBB-(tha) (FITCH(tha)) 5 -
IVL24PA IVL 4.06% 97.91 PO A- (TRIS) 7 Medium
NER279A NER 4.10% 1.02 PP13e N/A 5 Medium
SCAP276A SCAP 2.54% 0.78 PO A-(tha) (FITCH(tha)) 2 Medium
SSP283B SSP 3.22% 1.57 PP13e BBB (TRIS) 5 Medium
TBEV29NA TBEV 2.67% 3.19 PP13e AA (TRIS) 2 -
TFG283A TFG 3.17% 1.52 PP13e BBB+ (TRIS) 5 Very High
TFG297A TFG 3.19% 2.90 PP13e BBB+ (TRIS) 5 Very High
TRUE331A TRUE 2.88% 6.38 PP13e A+ (TRIS) 3 Medium
TRUE341A TRUE 3.24% 7.42 PO A+ (TRIS) 3 Medium
TRUE345A TRUE 3.30% 7.75 PO A+ (TRIS) 3 Medium
TRUE348A TRUE 3.35% 8.00 PO A+ (TRIS) 3 Medium
TTA278A TTA 3.32% 0.92 PO BBB (TRIS) 4 Very High
TTA281A TTA 3.47% 1.39 PO BBB (TRIS) 5 Very High
SBST358A MOF 2.35% 8.94 PO N/A 1 -
LB456A MOF 2.94% 18.81 PG N/A 1 -
ESGLB35DA MOF 2.03% 9.30 PG N/A 1 -
GULF349A GULF 2.67% 8.07 PP13e AA- (TRIS) 3 High
MINT347A MINT 2.52% 7.84 PP13e A+ (TRIS) 3 Medium
TREIT286A FTREIT 1.49% 1.82 PP13e A (TRIS) 4 -
TPIPL29NA TPIPL 3.75% 3.19 PO BBB (TRIS) 5 Medium
EDLGEN337A EDLGEN 6.66% 6.87 PP13e BB+ (TRIS) 6 -
CPALL359A CPALL 2.97% 9.08 PP13e AA- (TRIS) 4 High
TRUE29NB TRUE 2.37% 3.24 PO A+ (TRIS) 3 Medium
LB365A MOF 2.09% 9.71 PG N/A 1 -
SCAP292A SCAP 2.90% 2.43 PO A-(tha) (FITCH(tha)) 3 Medium
CPFTH386A CPFTH 3.62% 11.82 PP13e A (TRIS) 3 -
SAWAD368A SAWAD 3.71% 9.99 PO A-(tha) (FITCH(tha)) 3 Medium
BGRIM296A BGRIM 2.15% 2.78 PP13e A- (TRIS) 3 Medium
LB776A MOF 3.25% 50.82 PG N/A 1 -
TRUE358A TRUE 3.47% 8.93 PO A+ (TRIS) 3 Medium
SAWAD28NC SAWAD 2.74% 2.23 PO A-(tha) (FITCH(tha)) 3 Medium
TRUE358A TRUE 3.47% 8.93 PO A+ (TRIS) 3 Medium
TRUE29NC TRUE 2.22% 3.17 PO A+ (TRIS) 3 Medium
BGRIM368A BGRIM 3.35% 9.93 PO A- (TRIS) 3 Medium
BANPU309A BANPU 2.47% 4.06 PO A+ (TRIS) 3 -
SC291A SC 3.05% 2.41 PP13e BBB+ (TRIS) 5 Medium
TRUE31NA TRUE 2.85% 5.23 PO A+ (TRIS) 3 Medium
CPF22PA CPF 3.12% 95.55 PO BBB+ (TRIS) 7 Medium
BGRIM317A BGRIM 2.48% 4.84 PP13e A- (TRIS) 3 Medium
Table Definitions

Table Definitions


Estimated Yield to Maturity (YTM)

The estimated annual return if the bond is purchased at the current offered price and held until maturity, assuming the issuer makes all interest and principal payments in full and on time. YTM may change with market prices and conditions and is not a guaranteed return.

Remaining Tenor

The remaining time from the date of quotation until the bond's maturity date, expressed in years.

Offering Type

The investor category to whom the bond was originally offered in the primary market.

  • PO (Public Offering): Offered to the general public.
  • PP13e: Offered to institutional investors and/or high-net-worth investors in accordance with applicable regulations.

Investors must meet the eligibility requirements and transfer restrictions applicable to each bond issue.

Credit Rating

A rating that reflects the issuer's or bond's ability to make interest and principal payments on time. Ratings are assigned by credit rating agencies such as TRIS Rating or Fitch Ratings. Credit ratings may change over time and do not constitute a recommendation to buy or sell the bond.

Risk Level

An indicative risk level for each bond issue to assist investors in their initial assessment. Bond investments are subject to risks including issuer default risk, price fluctuations due to changes in interest rates, and liquidity risk, which may affect the ability to sell the bond at the desired time or price.

Score

A product risk score used to assess the suitability of each bond. Investors should consider this score together with the bond's credit rating, remaining tenor, features, terms and conditions, and their own risk tolerance. The score should not be used as the sole basis for an investment decision.

Note: Bond prices, market data, and estimated yields are subject to change based on market conditions, available buying and selling interest, and transaction timing. Please contact your Investment Consultant for the latest information before making an investment decision.

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