ADB Supports Asia’s First $880 Million Sovereign Sustainability-Linked Bond in Thailand

On 25 November 2024, Thailand issued Asia’s first sovereign sustainability-linked bond (SLB), raising 30 billion baht ($880 million) with a 15-year maturity. The bond targets a 30% reduction in greenhouse gas emissions and 440,000 zero-emission vehicles by 2030. The oversubscribed issuance reflects strong investor confidence and highlights the role of public-private partnerships in advancing Thailand’s net-zero goals. Supported by the Asian Development Bank (ADB), the SLB showcases how capital markets can drive climate action and sustainable development, setting a precedent for future green financing initiatives in Asia. Resources: https://esgnews.com/adb-supports-asias-first-880-million-sovereign-sustainability-linked-bond-in-thailand/