Thai SEC tightensup high-yield bond oversight after defaults, Stark scandal

Thai SEC tightensup high-yield bond oversight after defaults, Stark scandal

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PUBLISHED : 22 Jan 2024 at 15: 01 FILE PHOTO: Stark investors file a problem with the Department of Special Investigations on July 6, 2023, a case thought to have contributed to a drop in need for business high-yield bonds. (Photo provided) Thailand’s Securities and Exchange Commission (SEC) is stepping up guidance of high-yield bonds to increase payment safeguards and financier self-confidence after anumberof current defaults and a significant accounting scandal rocked the market for speculative financialobligation, a senior main stated. The SEC is now pro-actively calling business as quickly as info or news emerges that the regulator views as possibly impacting the capability to service high-yield financialobligation, Secretary-General Pornanong Budsaratragoon stated in an interview. Previously, the company was less active in gettingintouchwith executives, though it routinely reached out to bond companies at least 3 months before their keepsinmind ended, she stated. Demand for high-yield financialobligation in Thailand has subsided after series of pay
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