Reported 4 months ago
Thailand plans to issue up to $1.1 billion of baht-denominated sustainability-linked bonds in the fourth quarter, marking Asia's first sovereign sustainability-linked bond offering. The bonds, aimed at reducing carbon emissions, will finance the government's budget deficit and target both local and foreign institutional investors. Prime Minister Srettha Thavisin is emphasizing sustainability to attract foreign investors, with interest shown by companies like BlackRock Inc. and Intesa Sanpaolo SpA. The issuance will precede any foreign-currency bond sales, as the ministry is exploring options due to factors like the weak baht and uncertainty in the Federal Reserve's monetary policy.
Source: YAHOO