Thailand’s TMB Bank sells $60m green bond to IFC

By Morgan Davis
07 Jun 2018

TMB Bank, with support from the International Finance Corp (IFC), sold the first green bond from a Thai commercial bank on Tuesday, raising $60m.

The Bangkok-based bank opened up the green market for Thailand with a seven year note, purchased solely by the World Bank Group’s IFC. TMB plans to raise another $90m through a second green bond, which will also be taken up by IFC, according to a Thursday press release. ...

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