Thailand's First Sustainability-Linked Bonds for Public Offering by BTS Group Holding PCL
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Details of BTSG Key Performance Indicators (KPIs) and Sustainability Performance Targets (SPTs)
Sustainability-Linked Bonds (“SLBs”) are any type of bond instruments whose financial and/or structural characteristics can vary depending on whether the issuer achieves predefined Sustainability/ ESG objectives. Those objectives are (i) measured through predefined Key Performance Indicators (KPIs) and (ii) assessed against predefined Sustainability Performance Targets (SPTs). Usually, the selected KPIs and SPTs will be related to sustainability issues that are material and relevant to the issuer.
The Key Performance Indicators (KPIs) and Sustainability Performance Targets (SPTs) for BTSG SLBs are:
1) Improvement of energy efficiency by 8% compared to BAU by FY30/31 for Green Line Network and
2) At least 10% use of Renewable Energy Consumption in Operations for Green Line Network
Further details regarding Key Performance Indicators (KPIs) and Sustainability Performance Targets (SPTs) can be found in the draft prospectus of the offering.
Furthermore, BTSG also offers BTSG Sustainability-Linked Bonds No. 2/2022 to Institutional and/or High-Net-Worth Investors (not include individual investors). Please see more details at https://market.sec.or.th/public/ipos/IPOSDE01.aspx?TransID=465625
BTSG SLB – Thailand's First Sustainability-Linked Bonds for Public Offering (PO)
DownloadBTS Group to offer the first-ever in Thailand 'Sustainability-Linked Bonds (SLB)' to general public. With the issue credit rating of "A", the subscription period for the SLB is expected to take place at the end of November 2022. The SLB will serve as an alternative investment for investors who seek to find attractive investment and to provide support on sustainability development. BTS Group together with 5 leading financial institutions as joint lead arrangers for this offering.
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