15 Mar 2024

Financial Markets

High costs of green bonds drag down their issuance volume in Thailand (Current Issue No.3470)

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The total outstanding balance of green bonds in Thailand has been growing, but its proportion is still lower than the rest of world. Currently, it only accounts for about 1.0 - 1.7 percent of total Thai debt instruments.
The average coupon rate of corporate green bonds in Thailand is lower than vanilla bonds having similar characteristics at 21 bps, in line with “Greenium” seen globally.
63 percent of green bonds in Thailand will reach their maturity within the next five years, with an average redemption period of 4.7 years, indicating that issuers are still avoiding risk and not ready to invest in long-term environmentally friendly projects.

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High costs of green bonds drag down their issuance volume in Thailand (Current Issue No.3470)

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High costs of green bonds drag down their issuance volume in Thailand (Current Issue No.3470)

Related Analysis

“The Baht weakened slightly, while the SET closed at near last week’s level.”

“The Baht weakened, while the SET rebounded to over 1,800 points after some sell-offs.”

“The Baht bounced back to over a 4-year high, and the SET rose over 1,800 points.”

“The Baht weakened as the SET faced foreign investor sell-offs throughout the week.”

“The Baht traded in a narrow range, while the SET followed foreign factors.”

“The Baht hit an over 4-year high, while the SET improved late in the week.”

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