• This marks the first collaboration between AWC and Oversea-Chinese Banking Corporation Limited (OCBC), a leading bank in Singapore, through the signing of a $200 million (approximately 6.6 billion baht) Sustainability-Linked Loan to support long-term growth and investment in AWC's quality projects.
  • This partnership reflects confidence in AWC's potential, backed by a strong financial structure with an IBD/E ratio below the industry average, while supporting the growth strategy in the hotel, office building, and lifestyle destination sectors. This collaboration will enhance the company's investment capacity to continue developing quality projects and new lifestyle destinations, expanding the business portfolio in a balanced manner, while creating long-term value and supporting the growth of the Thai real estate industry with a focus on economic, social, and environmental considerations.

Asset World Corp Public Company Limited (AWC), a leading real estate developer in Thailand focused on creating comprehensive lifestyle destinations, is advancing its Sustainable Growth-Led Strategy by announcing its first financial collaboration with Oversea-Chinese Banking Corporation Limited (OCBC), one of the leading banks in Singapore and the second-largest bank by assets in Southeast Asia. They have signed a total Sustainability-Linked Loan agreement worth $200 million (approximately 6.6 billion baht) to strengthen capital management, support the company's long-term growth, and invest in quality projects while driving growth alongside sustainable economic, social, and environmental value creation.

This initial financial partnership between AWC and OCBC will support AWC's growth strategy in the hotel, office building, and lifestyle destination sectors. The company will continue to maintain financial discipline, with a debt-to-equity ratio lower than the industry average, while pursuing long-term growth investments.

Ms. Wallapa Traisorat, CEO and Managing Director of Asset World Corp Public Company Limited (AWC) stated, “AWC thanks OCBC for believing in Thailand's potential and our shared vision for sustainable growth. We are very pleased to begin this collaboration with one of the world's leading financial institutions to support quality investments while driving the Thai economy and enhancing long-term growth opportunities for the industry and all related sectors.”

AWC believes that business success must grow alongside creating benefits for society and the environment, under the mission of Building a Better Future and the operational framework of 3BETTERs: Better Planet, Better People, and Better Prosperity. We are committed to developing projects and destinations that enhance the quality of life for people, support the tourism industry's potential, and create positive long-term economic outcomes, ready to move forward with OCBC to drive new projects that will open investment opportunities, propel the country's growth, and pass on a better future to the next generation.”

Regarding this, Ms. Elaine Lam, CEO (Group Head of Large Corporate Banking) of OCBC
Oversea-Chinese Banking Corporation Limited (OCBC) stated, “OCBC is pleased to initiate this financial collaboration through the first Sustainability-Linked Loan with AWC, which is linked to sustainability goals. This reflects our shared commitment to promoting sustainable development and creating long-term value. From OCBC's perspective, we believe Thailand remains a high-potential market, especially in tourism and related businesses. As a regional bank with a strong foundation in ASEAN, we are ready to support organizations that play a crucial role in sustainable economic development through Sustainable Finance solutions and look forward to furthering our collaboration with AWC to support the company's growth plans in the future.”

This sustainability-linked loan will support AWC's sustainable growth strategy through investments in a portfolio of quality businesses, including hotels and services, office buildings, and lifestyle destinations, to create long-term value for the economy, communities, and the environment, while enhancing the potential of Thailand's tourism and service industries for sustainable growth.