Thailand debuts sustainable bond with innovative structure

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By Rashmi Kumar
14 Aug 2020

The Kingdom of Thailand pulled off a novel sustainability bond in the domestic debt market on Thursday, hitting the upper end of its Bt30bn ($965m) size target and getting away with tight pricing.

Around 10.30am Hong Kong time on Thursday, Thailand’s ministry of finance kicked off bookbuilding for a dual-tranche transaction at the 1.585% area. The tenor for both portions was 15.34 years.

The main difference between the two chunks was the use of proceeds. The Bt10bn tranche will ...

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