Subscribe to our Newsletter
Want to receive email alerts from CGIF? Kindly enter your name and e-mail address below to be the first to know of CGIF’s latest news, research, multimedia, career opportunities, and other updates.
Want to receive email alerts from CGIF? Kindly enter your name and e-mail address below to be the first to know of CGIF’s latest news, research, multimedia, career opportunities, and other updates.
Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) is pleased to announce its support for Thaifoods Group Public Company Limited’s (“TFG’s”) THB 1 billion Guaranteed Social Bond issued on 11 November 2021. The bond is a 100% credit-wrapped 5-year social bond rated AAA by TRIS Rating. It was successfully placed with domestic institutional investors with a competitive coupon rate of 2.15%. Moreover, the bond was issued under the ASEAN+3 Multi-Currency Bond Issuance Framework, a policy initiative under the Asian Bond Markets Initiative (ABMI) to standardize the bond and note issuance processes with the goal of strengthening bond market linkages between the ASEAN+3 countries.
This transaction is the first social bond guaranteed by CGIF and is also the first social bond issuance under ASEAN Social Bond Standards by a non-financial corporate issuer. TFG will use the social bond proceed for the sustainable growth of animal feed mill business in line with its Sustainable Finance Framework.
!function(e,t,i){if(void 0===e._dyntube_v1_init){e._dyntube_v1_init=!0;var a=t.createElement("script");a.type="text/javascript",a.async=!0,a.src="https://embed.dyntube.com/v1.0/dyntube.js",t.getElementsByTagName("head")[0].appendChild(a)}}(window,document);