Export-Import Bank of Thailand (EXIM Thailand) has issued a US$30 million (Bt958 million) Renewable Energy Bond, a thematic bond that it says reflects its commitment to environmental concerns.
The bank’s president Pisit Serewiwattana said that over the past several years, as climate change and pollution problems were faced by Thailand and the world, Thai companies have continuously expanded their investment in renewable energy. The trend is likely to increase in the future, predicted Pisit.
Accordingly, EXIM Thailand has issued a 3-year Renewable Energy Bond, over 3-month USD LIBOR. Daiwa Capital Markets is acting as the sole arranger and underwriter of the deal.
The bond issuance was aimed at supporting credit for projects that are beneficial to the environment and promote renewable energy development, such as hydropower projects.
At present, EXIM Thailand provides facilities for hydroelectric power plant projects with capacity ranging from 20.1 to 1,285 MW.