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BAY projects ESG bonds to reach B60bn

BAY projects ESG bonds to reach B60bn

Strong demand outpacing supply

Mr Prakob, left, and Mr Poonsit say BAY is going to lead the Thai market for ESG financing and sustainable banking.

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…

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