Magic Circle firm Allen & Overy has advised Bangkok Bank, Bank of Ayudhya and Standard Chartered on the Kingdom of Thailand’s 30-billion-baht ($965 million) dual-tranche sustainability bond issuance.

This marks the first issuance of sustainability bonds by the Kingdom of Thailand under the country’s commitment to the United Nations Sustainable Development Goals and the Paris Agreement under the United Nations Framework Convention on Climate Change.

The proceeds of each of the two tranches will be used for different purposes. The first 10-billion-baht tranche will be used for liability management and to refinance the capital expenditures of Bangkok’s electric Mass Rail Transit Orange Line (East) project, and the remaining amount will be used to tackle the economic and social impacts of the COVID-19 pandemic in Thailand.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com. 

Related Articles

Deals

A&O, Bakers advise on Korea’s first perpetual core logistics fund

by Sarah Wong |

Allen & Overy has advised ESR Group on the establishment by its South Korean platform of Korea’s first perpetual, open-ended core logistics fund, with Baker McKenzie representing APG Asset Management on its investment into the fund exceeding $400 million.

Deals

CC, ABNR, Ginting, HBT act on $2.75 bln Indonesia toll road investment platform

by Mari Iwata |

Clifford Chance and ABNR are advising pension investor APG Asset Management on its investment in a $2.75 billion Indonesia toll road investment platform, which is being represented by Hiswara Bunjamin & Tandjung and Herbert Smith Freehills.

Appointments

HKIAC appoints A&O partner as new secretary-general

by Mari Iwata |

The Hong Kong International Arbitration Centre has announced that Joanne Lau, currently a partner at Allen & Overy, will become its new secretary-general. She will commence her role on Feb. 26.