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DCM TTB GreenBlue 2021

Sector: Electric Vehicles (EVs) • Location: Thailand

Source: International Finance Corporation (IFC)

Project
Active

The proposed Project entails IFC’s subscription of up to US$150 million in a USD-denominated bond to be privately issued by TMBThanachart Bank Public Company Limited (“TTB” or the “Bank”) to support TTB to grow green financing for electric vehicles (EVs) and to develop its blue financing business (the “Project”). TTB plans to issue a green bond of up to US$100 million and a blue bond of up to US$5

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Project Information

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The project “DCM TTB GreenBlue 2021” is an infrastructure initiative in the Electric Vehicles (EVs) sector, located in Thailand. Taiyo aggregates data on it from International Finance Corporation (IFC).

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active

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Description

Description

The proposed Project entails IFC’s subscription of up to US$150 million in a USD-denominated bond to be privately issued by TMBThanachart Bank Public Company Limited (“TTB” or the “Bank”) to support TTB to grow green financing for electric vehicles (EVs) and to develop its blue financing business (the “Project”). TTB plans to issue a green bond of up to US$100 million and a blue bond of up to US$50 million via private placement to IFC.TTB, originally established as Thai Military Bank (TMB) in 1957, was renamed following its merger in December 2019 with Thanachart Bank Public Company Limited. TTB is the sixth largest bank in Thailand in terms of total assets and offers full-fledged commercial banking services in retail banking, corporate, SME banking, life and non-life insurance, investment banking and asset management.

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High

Data quality score

100%

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