Amidst the financial and economic uncertainty attributable to the COVID-19 pandemic, the Bank of Thailand (BOT) has established the Corporate Bond Stabilization Fund (BSF) to provide liquidity backstop to support and stabilize the corporate bond market as well as maintain overall financial stability. Established under the Emergency Decree on the Maintenance of Stability of the Financial System and Economic Security of the Country, B.E. 2563 (2020), the BSF facility will provide bridge financing to solvent, fundamentally sound firms that face temporary liquidity shock due to COVID-19, allowing them to be able to rollover their maturing corporate bonds and avoid large scale defaults.