BAY projects ESG bonds to reach B60bn
Strong demand outpacing supply
With investment and financing heading towards a green trend, the issuance of environmental, social and corporate governance (ESG) bonds is likely to reach 60 billion baht this year, with at least a 100% growth expected in 2021, says Bank of Ayudhya (BAY).
For the first nine months this year, ESG bonds issued in Thailand saw an increase compared with full-year 2019, with a combined sum of 37 billion baht from three issuers.
They were the 30-billion-baht 15-year ESG bonds issued by the Public Debt Management Office, divided into two series; PTT’s three-year green bond worth 2…