Govt to offer B30bn of green bonds in August

Govt to offer B30bn of green bonds in August

Patricia Mongkhonvanit, centre, the Public Debt Management Office director-general, briefs the media on the planned offer of green bonds, at the Finance Ministry on Friday. (Photo from @MoFNewsStationThailand Facebook account)
Patricia Mongkhonvanit, centre, the Public Debt Management Office director-general, briefs the media on the planned offer of green bonds, at the Finance Ministry on Friday. (Photo from @MoFNewsStationThailand Facebook account)

Thailand will offer up to 30 billion baht of 15-year green bonds to investors next month to help finance coronavirus support measures, a Finance Ministry official said on Friday.

Patricia Mongkhonvanit, the Public Debt Management Office director-general, told a briefing the bonds will be offered to institutional investors, with book building set on Aug 13. They will be sold at Bangkok Bank, Bank of Ayudhya and Standard Chartered Bank Thai.

Some 20 billion of bonds will be for the government's 1 trillion baht borrowing plan to mitigate the impact of the outbreak and 10 billion baht for the Mass Rapid Transit Authority of Thailand (MRTA), the official said.

The bonds were being offered in cooperation with the Asian Development Bank, Bank for Agriculture and Agricultural Cooperatives (BAAC), the MRTA and the National Housing Authority (NHA).

The ministry did not menton the interest rate. A green bond is normally a fixed-income instrument and comes with tax incentives to enhance their attractiveness to investors.

The ministry said it also supports BAAC and NHA plans to issue green bonds by the end of the fiscal year.


Do you like the content of this article?
COMMENT (3)

Manila prison holds mass burial of 70 unclaimed bodies

MANILA: The unclaimed bodies of 70 inmates at the Philippines’ largest and most congested prison were buried on Friday, several weeks after justice authorities discovered decomposing bodies.

2 Dec 2022

Hot US job market a challenge for Fed

WASHINGTON: US employers added more jobs than forecast in November and wages surged by the most in nearly a year, pointing to enduring inflationary pressures that boost chances of higher interest rates from the Federal Reserve.

2 Dec 2022

Central bankers fear more volatile inflation

The global economy may be headed for a new era of volatile inflation, making it even more crucial to anchor expectations about where prices are headed, top central bank governors meeting in Bangkok warned on Friday.

2 Dec 2022