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Friday, March 29, 2024

Gulf issues B8bn in green bonds

Proceeds to fund wind power project

Ms Yupapin says a portion of the proceeds will be used to refinance investment in the Borkum Riffgrund 2 project, an offshore wind power plant in Germany.

Gulf Energy Development Plc has raised 8 billion baht in green bonds for its wind power project, together with 12 billion baht worth of non-green bonds.

The total issued bonds placed to institutional and high net worth investors across all tranches tallied 20 billion baht.

The company said the proceeds will be used for business expansion, debt repayment and as working capital.

Yupapin Wangviwat, deputy chief executive and chief financial officer of Gulf, said this is the first time Gulf issued green bonds for…

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