EXIM Thailand issues SME Green Bonds, attracting strong investor interest. Subscription is higher than the offering amount 2.5 times.
Mr. Rak Worakitpokathorn Managing Director Export-Import Bank of Thailand (EXIM Thailand) revealed that EXIM Thailand issued SME Green Bond for the first time on June 6, 2023, offering to institutional and high net worth investors. in the form of unsubordinated bonds Unsecured, 3 years maturity, maturity in 2026, fixed interest rate of 2.71% per year, interest payment every 6 months throughout the bond life, total value of 3,500 million baht. AAA by Fitch Ratings (Thailand) Limited reflects EXIM Thailand's strong and stable financial position following its green bond offering in 2022 and continues to be well received by investors in 2023. Leading investment in Thailand with a subscription amount 2. 5 times, enabling EXIM Thailand to raise funds beyond the set target. and obtain favorable interest rates during periods of volatile financial markets and rising interest rates.
In the past, EXIM Thailand has provided financial support to businesses related to bioeconomy development, circular economy. and green economy (Bio-Circular-Green Economy: BCG Economy) about 30% of the bank's total credit portfolio or about 50 billion baht and aims to expand the bank's BCG credit to 100 billion baht by 2027, supporting the use of clean energy for development. industry to support consumption and trade and investment between countries Reduce environmental problems, especially global warming and climate change that are becoming increasingly severe.
This bond issuance reinforces EXIM Thailand's commitment to responsible financial management from upstream to downstream. Expand cooperation between government agencies and the private sector to conduct business with social and environmental responsibility. as well as the Sustainable Development Goals of the United Nations. This leads to community, social and international cooperation in order to create a clean and balanced world in all dimensions.
EXIM Thailand received the Best Green Bond award in the financial institution category from the Asset Triple A Awards 2022, organized by The Asset, a leading financial magazine in Asia, and the State Owned Enterprise ESG Bond of the Year award from the Thai Bond Market Association (The Thai Bond Market Association). Thai Bond Market Association: ThaiBMA) from the issuance of two bonds for environmental conservation (Green Bond) worth a total of 5,000 million baht in 2022 .-Thai News Agency
Source: Thai News Agency