Government Housing Bank (GH Bank) <\/strong><\/span> is a state bank under the Ministry of Finance, with the mission of "enabling Thais to have homes." The bank has announced its success in issuing its first Sustainability Bond, which is also the first ESG Bond issued by a specialized financial institution in Thailand. This initiative received technical assistance from the Asian Development Bank (ADB) to develop the bank's sustainable funding framework in accordance with international standards and supported the execution of the bank's first sustainability bond project.<\/p>

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Mr. Chatchai Sirilai, Managing Director of Government Housing Bank (GH Bank) <\/strong><\/span> revealed that the bank's first Sustainability Bond issuance was successful, receiving an excellent response from investors, with subscriptions exceeding the target by more than 1.7 times. The total offering to institutional investors was valued at 8.5 billion baht, an increase from the initial target of 5 billion baht, reflecting strong investor interest and confidence in the bank. This also highlights the importance investors place on sustainable business practices. The success of this Sustainability Bond issuance supports the development of the country's sustainable capital market while continuing the bank's mission to provide housing for Thais and promoting its goal of becoming a Sustainable Bank that cares for the planet and develops a sustainable society. The funds raised will be used for housing loan projects related to social development, helping low- and middle-income individuals secure their own homes, and for environmental conservation by promoting energy-efficient housing.<\/p>

The Sustainability Bond issued and offered this time is a combination of both Green Bonds, which raise funds for environmentally friendly projects or promote environmental conservation, and Social Bonds, which raise funds for social development and improving the quality of life in communities. It is also part of the bank's operations according to sustainable development principles and aligns with the State Enterprise Assessment Model (SE-AM) regarding good governance and corporate leadership.<\/p>

Furthermore, GH Bank received a corporate credit rating from TRIS Rating Co., Ltd. at "AAA" with a "Stable" outlook on November 25, 2022, demonstrating the bank's strong financial and business status. In this issuance, the bank offered two series of bonds: Series 1 with a 3-year term and a fixed interest rate of 2.39% per annum, valued at 3.5 billion baht, and Series 2 with a 12-year term and a fixed interest rate of 3.87% per annum, valued at 5 billion baht, with interest payments every six months. Government Savings Bank acted as the distributor manager, and TMBThanachart Bank served as the bond registrar. Details of the Sustainability Bond can be found on the Government Housing Bank's website www.ghbank.co.th.<\/p>

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