EXIM Thailand Issues Renewable Energy Bond to Support Renewable Energy Projects, Promoting Sustainable Banking and Social-Environmental Responsibility

Stocks and Financial Services Press Releases Tuesday April 23, 2019 13:16
Bangkok--23 Apr--EXIM BANK

Mr. Pisit Serewiwattana, President of Export-Import Bank of Thailand (EXIM Thailand), has revealed that EXIM Thailand issued a USD 30 million Renewable Energy Bond which marks its thematic bond dedicating to its commitment to environmental concern. The bond is in line with EXIM Thailand's social and environmental responsibility policy and international standard of sustainable banking.

Mr. Pisit further said that renewable energy development has become increasingly important along with the promotion of clean and environmental-friendly energy. Over the past several years, following the global warming and pollution problem facing Thailand and around the world, Thai companies have continuously expanded their investment in renewable energy which is likely to increase in the future. Accordingly, EXIM Thailand issued a 3-year Renewable Energy Bond, over 3-month USD LIBOR, in April 2019. Daiwa Capital Markets is acting as the sole arranger and underwriter of the deal. The bond issuance aimed to support credit for projects that are beneficial to the environment and promote renewable energy development such as hydropower development project. At present, EXIM Thailand provides facilities for hydroelectric power plant projects with capacity ranging from 20.1 to 1,285 MW.

EXIM Thailand is the first government's specialized financial institution that offered Renewable Energy Bond which aimed to help alleviate environmental problems while adopting social responsibility and sustainable banking approach. We extend our appreciation to those investors who recognize the importance of Thailand's and global sustainability and welcome our newly-launched fund raising model to promote renewable energy," added Mr. Pisit.

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