Announcement of the Royal Decree on the establishment of a fund of 400 billion baht to support private bonds in the Covid period 19

The Government Gazette announces the establishment of the Affected Private Bond Fund during the Covid 19 period, no more than 400 billion baht

April 19, 2020, the Government Gazette Disseminate the royal decree Provide financial assistance to entrepreneurs Affected by the outbreak of the corona virus infection 2019, 2020, in order to provide financial assistance to entrepreneurs According to the methods provided in this Royal Ordinance It will be the duty and power of the Ministry of Finance and the Bank of Thailand together

The main thing is to establish a fund to maintain liquidity in fundraising in the bond market. Maintain the stability and liquidity of the private bond market. Covid 19 has been affected by investing in newly issued private debt That the fund is a legal entity AND will be considered a mutual fund established and operated in accordance with the Securities and Exchange Act. In the initial stage, the fund will not exceed 400 billion baht with the fund’s oversight committee. For the Permanent Secretary of Finance

The private sector debt securities in which the Fund may invest must have the following characteristics:

1. Debt securities recently issued to redeem past-due debt securities

2. The issuer of debt securities has no other sources of funds than the Fund
50 of the amount of the debt instrument past due
Except receive an exemption from the Fund Supervisory Board

3. It is a debt instrument with an issuer with an investment credit rating.
But it does not include debt instruments offered for sale to public funds or anyone
At the same time, you can invest to receive a lower credit rating.
East
The classification has been carried out by an organization specified by the Bank of Thailand.

4. The Issuer is a registered company operating in Thailand.
But not including state companies. Financial institution
Or companies within the business group of financial institutions

For more details, the Royal Decree establishing funds to maintain liquidity in the 400 billion baht bond market is as follows: Click to read more.