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Thailand likely to see over ten green bond launches in 2020, report says

By Asia Asset Management  
Nov 26, 2019

Thailand’s securities regulator expects more than ten companies to launch green bonds next year, according to local English language daily Bangkok Post, quoting Sirivipa Supantanet, deputy secretary general of Securities and Exchange Commission, Thailand (SEC Thailand).

“The tentative green bond issuers are both listed and non-listed companies," she says in the November 25 report.

According to Ms. Sirivipa, the expected launches are a sign that environmental, social and governance (ESG) bonds “are gaining ground in Thailand".

Funds raised from the issuance of green bonds must be used for ESG-related projects or businesses.

TMB Bank issued Thailand's first green bond in June 2018. Ms. Sirivipa says there are now six green bond issuers in the country, and they raised more than 40 billion baht (US$1.32 billion) in total.

She says SEC Thailand and the Stock Exchange of Thailand are looking into establishing a green bond verifier by the first half of 2020 to ensure offerings are aligned with international standards, and have sought the World Bank’s advice on the plan.

"The verifier will be a third party and is tasked with certifying green paper to be issued in the Thai market," she says.

Spokespersons for SEC Thailand did not immediately respond to questions from Asia Asset Management.