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Thailand to issue 20 billion THB ($540 million) in sustainable bonds
The issuance of sustainable bonds and international bonds could provide the Thai government with access to wider funding sources and mitigate the risk of crowding out private sector capital.
Thailand’s Public Debt Management Office (PDMO) plans to issue 20 billion THB in sustainable bonds this year, targeting institutional investors. These bonds are designed for businesses following environmental, social, and governance (ESG) principles.
- 🇹🇭 Sustainable Bond Sales Thailand’s Public Debt Management Office (PDMO) is set to issue 20 billion Thai Baht (approximately $540 million) in sustainable bonds to institutional investors this year. The funds raised will be used to support the country’s environmental and social initiatives.
- 🌍 Thailand’s Sustainable Finance Goals As part of its 20-year National Strategy (2018-2037), Thailand is aiming to become a hub for sustainable finance in Asia. This bond sale is part of the country’s efforts to promote environmental, social, and governance (ESG) principles in its capital markets.
- 💰 Previous Sustainable Bond Issuances Thailand has already issued significant amounts of sustainable bonds, with the first series of 15-year tenor reaching 212 billion Thai Baht in total. The latest 20 billion Baht bond sale is expected to further expand the country’s sustainable finance ecosystem.
The PDMO aims to issue ESG bonds annually and is considering international bond issuance to attract foreign investors. The PDMO aims to establish a benchmark for ESG bonds and is considering international bond issuance to attract foreign investors.
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