On May 13, Thai SET proposed development of Bond Connect Platform.
- Thai SET consulted on bond trading arrangements and proposed development of the Bond Connect Platform as a central infrastructure for the debt securities market.
- The initial objective is to elevate government savings bonds from savings assets to greater liquidity, transparency, and broader use in capital markets.
Proposed Bond Trading Arrangements
- Primary market investors will be able to subscribe to government bonds through existing securities accounts, similar to initial public offering (IPO) subscriptions.
- Bond Connect would serve as a central platform for secondary trading of government bonds, similar to equity trading through the Thai SET system.
- It will establish clear and transparent listing and disclosure requirements appropriate to the characteristics of debt instruments, including eligible securities and delisting.
- Bond trading under the Bond Connect Platform would operate as per other exchange-traded securities, e.g. trading hours, system and reporting.
- It also notes differences from equity trading, including price limits, tick size and board lot, corporate action signs, circuit breakers, auto-pause mechanisms, that short selling would not be permitted, and index inclusion.
Effectiveness
- The consultation closes on 27 May 2026.
