EXIM Thailand aims to expand BCG business loans to 100 billion baht by 2027.

Mr. Rak Worakitpokhathorn Managing Director of a bank for export and import of Thailand (EXIM Thailand) held a press conference together with Mr. Kosin Pungsophon, an expert in the financial sector. Department of Economic Research and Regional Cooperation of the Asian Development Bank (ADB). Prakob Piancharoen CEO For large business and investment banking customers Bank of Ayudhya Public Company Limited and Ms. Papakorn Rattanaset, Deputy Director of Investment and Financial Management Group, Government Savings Bank, at EXIM Thailand Headquarters on September 21, 2022

He said EXIM Thailand had been extremely successful in offering two green bonds totaling 5,000 million baht on September 9th to raise funds to support loans for clean energy projects.

with ADB as consultant in creating the Sustainable Finance Framework, the Government Savings Bank is the manager. bond underwriter and Bank of Ayudhya Public Company Limited as bond sales manager and registrar

The two Thai EXIM bonds have been well received by leading investors. And it can raise money at a good interest rate during money market volatility. and interest rates are likely to rise

bonds are divided into “Export-Import Bank of Thailand Environmental Bonds No. 1/2022, Series 1, Maturity Year 2025” (Brand Series 1), maturity 3 years, fixed interest rate 2.25% per annum Interest payment every 6 months through throughout the term bond, a total of 3 million units, worth 3,000 million baht.

and “Export and Import Bank of Thailand Environmental Conservation Bonds No. 1/2022, Series 2, Maturity Year 2016” (Band 2nd Series 2), maturity 4 years, floating interest rate, THOR Compound +0.34% p.a., payable every 6 months throughout the term of the bond.million units, worth 2,000 million baht

EXIM Thailand is the first specialized state-owned financial institution to establish a sustainable fundraising framework and issue environmental bonds based on THOR (Thai Overnight Repurchase) interest rates and the first in Thailand. Support transactions based on the THOR interest rate targeted by the Bank of Thailand

EXIM Thailand plans to raise funds under the sustainable fundraising framework. Under the role of the Development Bank of Thailand (The Development Bank of Thailand) it links development in economic dimensions with society and the environment. This is in line with the Sustainable Development Goals (SDGs) in line with United Nations guidelines. including the confirmation that the Thai government has joined the 26th session of the United Nations Framework Convention on Climate Change (COP 26) to achieve net zero emissions by 2065.

In the past, EXIM Thailand has provided financial support to bioeconomy businesses. circular economy and the green economy (Bio-Circular-Green Economy: BCG Economy) already accounted for about 30% of the bank’s total loan portfolio, or about 50,000 million baht.

In the future, EXIM Thailand aims to expand loans to BCG businesses to 100 billion baht by 2027 in order to join the global community in reducing net greenhouse gas emissions to zero.

EXIM BANK will work closely. and actively collaborate with government and private sector agencies involved in promoting and developing the Zero Waste system, bringing the waste from the factory back into the recycling process, using resources for maximum benefits, creating a Thai supply chain linked to a clean world supply chain. and lead to sustainable development in all sectors

Proofread…Silawong Sure

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.