Cash crunch fears rise in Thai corporate bond market on pandemic

Seven companies extend debt maturities up to 24 months to preserve liquidity

Sales of bonds issued by Thailand's top companies, including Siam Cement and a chemical unit of PTT, have slowed since the outbreak. (Source photos by Reuters and Akira Kodaka)

APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer

June 9, 2020 11:43 JST

BANGKOK -- The novel coronavirus pandemic has created uncertainty in the Thai corporate bond market. Sales of bonds issued by the country's top companies have been slower than before the outbreak, raising fears of a liquidity crunch.