GSH Bank's First Sustainability Bonds a Massive Success

Prachachat•Economy•11d ago

Reader Briefing

GSH Bank's inaugural sustainability bonds saw overwhelming demand, raising significantly more than the target amount.

•GSH Bank successfully issued its first sustainability bonds, raising 20 billion baht.
•The bonds attracted nearly 70 billion baht in subscriptions, setting a record for state-owned enterprises and specialized financial institutions.
•Funds raised will be used to finance and refinance projects supporting social and environmental initiatives.

Overview

•Prior to May 29, 2026, GSH Bank issued its first sustainability bonds.
•The target issuance for GSH Bank's first sustainability bonds was 20 billion baht.
•Subscriptions for GSH Bank's first sustainability bonds reached nearly 70 billion baht.
•GSH Bank closed the offering and issued the first sustainability bonds on May 29, 2026.
•GSH Bank stated the funds from the issuance will be used to finance and refinance eligible projects under the Sustainable Finance Framework.
•The funds will support social and environmental loans, aligning with GSH Bank's 'Smart Social Bank for All Lives' vision.
•GSH Bank aims to achieve Net Zero greenhouse gas emissions by 2050.
•The successful issuance reflects broad investor confidence in GSH Bank's international operational standards and commitment to ESG principles.

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Key Quotes

ทรงพล ชีวะปัญญาโรจน์ (Songphol Jeevapunya-roj)

"GSH Bank has succeeded in issuing and offering its first sustainability bonds, Series 1/2026, for 20 billion baht, with subscriptions nearing 70 billion baht."

ธนาคารออมสินประสบความสำเร็จในการออกและเสนอขายหุ้นกู้เพื่อความยั่งยืนของธนาคารออมสิน ครั้งที่ 1/2026 วงเงิน 2 หมื่นล้านบาท โดยมีการจองซื้อเฉียด 7 หมื่นล้านบาท

Key Entities

Organization

GSH Bank(ออมสิน)ℹ️

A Thai state-owned bank that has successfully issued its first sustainability bonds.

Asian Development Bank(ธนาคารพัฒนาเอเชีย)ℹ️

Provided consultation and assisted in developing GSH Bank's Sustainable Finance Framework.

ADBℹ️

Abbreviation for Asian Development Bank, which supported GSH Bank's sustainability initiatives.

DNV (Thailand) Co., Ltd.

An independent expert (Second Party Opinion: SPO) that provided an impartial assessment of GSH Bank's sustainability framework.

Person

Mr. Songphol Jeevapunya-roj(นายทรงพล ชีวะปัญญาโรจน์)

Director of GSH Bank who announced the success of the bank's first sustainability bonds.

Law

Sustainability Bonds(หุ้นกู้เพื่อความยั่งยืน)ℹ️

A type of bond issued by GSH Bank for the first time, raising funds for social and environmental projects.

Sustainable Finance Framework(กรอบหลักเกณฑ์ทางการเงินเพื่อความยั่งยืน)

The framework under which GSH Bank will use funds raised from sustainability bonds to support social and environmental initiatives.