TMB Bank has issued Thailand’s first green bond with the World Bank’s International Finance Corporation being the sole investor. The funds from this $60 million bond will be used exclusively to finance climate-smart projects, particularly renewable energy. In the near future, TMB also plans to issue a second bond to raise $90 million to support its lending to small- and medium-sized enterprises and increase their access to finance. Over the next five years, TMB plans to expand its green lending portfolio from $280 million to $470 million.
