Thai Union introduces Thailand’s first sustainability-linked bond

Thai Union announced the launch of a senior, unsecured Sustainability-Linked Bond (SLB), which is already receiving high demand from institutional investors, on 21 July.

The duration for the THB 5 billion (USD 152 million, EUR 129 million) SLB is seven years, with an interest rate of 2.47 percent. The SLB was rated as “A+” with a “Stable” outlook by TRIS Rating Co., Ltd. on 16 July.

The bond, issued on 20 July, is the first SLB introduced in Thailand following the launch of Thai Union’s inaugural Sustainability-Linked Syndicated Loan (SLL) in both Thailand and Japan in February of this year. The latest move has strengthened Thai Union’s commitment toward its environmental, social, and governance (ESG) principles and blue financing, the company said.

The demand for the offering was so high, at THB 8.9 billion (USD 270.6 million, EUR 229.7 million), that Thai Union has chosen…