About the Thaifoods issuance

Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) is pleased to announce its support for Thaifoods Group Public Company Limited’s (“TFG’s”) THB 1 billion Guaranteed Social Bond issued on 11 November 2021. The bond is a 100% credit-wrapped 5-year social bond rated AAA by TRIS Rating. It was successfully placed with domestic institutional investors with a competitive coupon rate of 2.15%. Moreover, the bond was issued under the ASEAN+3 Multi-Currency Bond Issuance Framework, a policy initiative under the Asian Bond Markets Initiative (ABMI) to standardize the bond and note issuance processes with the goal of strengthening bond market linkages between the ASEAN+3 countries.

This transaction is the first social bond guaranteed by CGIF and is also the first social bond issuance under ASEAN Social Bond Standards by a non-financial corporate issuer. TFG will use the social bond proceed for the sustainable growth of animal feed mill business in line with its Sustainable Finance Framework.