Thailand Market Review, Q4 2023: sales stable despite drop in issuance

Issuance decreased 20% quarter-on-quarter: from 5,377 in Q3 to 4,265 this quarter. Sales volumes remained consistent, dropping only three percent to THB24.5 billion. Notes collected a total sales volume of THB106 billion in 2023 – a 29% decrease compared to the previous year. Product issuance declined by 25% to 20,256 notes. Ninety-nine percent of the notes had a tenor of less than one year, while the remainder had terms between one- and three- years, or three- and six-years. Some 6,906