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.

Latest Press Release


NEXT BLOCK ASIA + Fabulous Bangkok After-Party Bangkok, Thailand will host the 2-day NEXT BLOCK ASIA "Beyond Crypto" by Krypton Events and CoinAdvice on 25-26 June 2019 at the W Hotel. The conference will bring together experts from CRYPTO and BEYOND,...

Photo Release: EXIM Thailand Visits Deputy Governor of State Bank of Vietnam To Discuss Thai Investment Prospects in Vietnam

Mrs. Warangkana Wongkhaluang (second left), Senior Executive Vice President of Export-Import Bank of Thailand (EXIM Thailand), recently paid a visit to Mr. Doan Thai Son (center), Deputy Governor of State Bank of Vietnam in Hanoi to discuss monetary...

Photo Release: EXIM Thailand Visits Thai Ambassador to Hanoi Discussing Ways to Promote Thai-Vietnamese Trade and Investment

Mrs. Warangkana Wongkhaluang (second left), Senior Executive Vice President of Export-Import Bank of Thailand (EXIM Thailand), recently paid a courtesy visit to His Excellency Mr. Tanee Sangrat (center), Ambassador of Thailand to Vietnam and Miss...

TMB re-affirms its leadership position in the Thai banking industry by launching the first ever Multi Currency Account in Thailand allowing exporters to manage six major currencies in one account

TMB continues to develop digital solutions that truly meet customer's need, creating positive changes to customer's life, along with its Make THE Difference philosophy, to re-affirm its market leadership position. TMB today becomes the first bank in...

Fitch Rates EXIM#s USD300 Million Senior Notes Final #BBB+#

Fitch Ratings has assigned Export-Import Bank of Thailand's (EXIM, BBB+/Stable) USD300 million five-year senior unsecured notes a final rating of 'BBB+'. The notes were issued under the bank's USD1.5 billion medium-term note (MTN) programme. The...

Related Topics