The United Overseas Bank Thailand (UOB Thailand) and Central Pattana Public Limited Company (CPN) have launched green bonds to finance the expansion of mixed-use and green buildings in Thailand and international marketse. This is the first real estate green bond in Thailand.
The bonds include investment projects in renewable energy (RE), water and wastewater management, energy efficiency, green buildings projects among others. The bonds will also cover a variety of mixed-use projects around the country, including malls, homes, office buildings, and hotels.
UOB Thailand will be the underwriter of the bonds, while the Asian Development Bank (ADB) will provide technical assistance under the Asean+3 Asian bond markets initiative.