BTS Group sells Bt13bn multi-tranche Green bond

SINGAPORE, May 24 (IFR) - BTS Group Holdings will settle Bt13bn (US$408.2m) five-tranche Green bonds today after pricing tenors of two to 10 years.

The Bt1bn two-year tranche will pay 2.51%, a Bt1.3bn three-year tranche will pay 2.63%, a Bt3bn five-year piece pays 3.15%, a Bt2.7bn seven-year piece pays 3.57% and the Bt5bn 10-year tranche pays 3.86%.

This is Thailand’s first Green bond under new regulatory guidelines introduced by the regulator Securities and Exchange Commission on December 31 2018.

Bangkok Bank and Siam Commercial Bank were joint lead managers and underwriters for the deal, rated A by Tris.

The owner and operator of Bangkok's skytrain will use the proceeds to repay debt.

(Reporting by Kit Yin Boey; Editing by Vincent Baby)

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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