DCM MTC Bond

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The Project entails an IFC’s investment of up to US$150 million to be committed in tranches, the first of which will be a privately placed social bond of up to US$50 million (the Social Bond) issued by Muangthai Capital Public Company Limited (MTC or the Company), a leading publicly listed non-bank financial institution (NBFI) in Thailand, to support MTC expand its lending program to women micro-entrepreneurs, which helps ease social issues such as inequality, employment, and particularly access to finance for the base of the pyramid population in Thailand (the Project). The proposed social bonds will follow the Social Bond Principles of the International Capital Market Association (ICMA). The Social Bond proceeds will be earmarked to women microentrepreneurs in Thailand.