EGAT Launches Thailand’s First State Enterprise Sustainability-Linked Bond

Bangkok: EGAT is advancing its financial strategies to promote national sustainability with the introduction of its Sustainability-Linked Bond (SLB), valued at 2 billion baht and maturing over five years. This marks a significant milestone as EGAT becomes the first Thai state enterprise to issue an SLB connected to sustainability indicators and goals.

According to Thai News Agency, the Electricity Generating Authority of Thailand (EGAT) has partnered with the Public Debt Management Office (PDMO) to conduct a roadshow promoting the issuance and offering of EGAT's 5-year Sustainability-Linked Bond. These bonds, targeted at institutional investors, link financial conditions to sustainability indicators and targets. The initiative aims to inform and attract investors interested in sustainability-focused bonds, set to be issued in September 2025 under the Medium-Term Note Program (MTN) 2025 with a total budget of 2 billion baht. This initiative positions EGAT as the first state enterprise to establish a sustainability fundraising framework and issue SLBs with defined indicators aligning with Thailand's Carbon Neutrality target by 2050 and Net Zero Emissions target by 2065.

Institutional investors looking to subscribe to EGAT's SLB bonds can find details in the prospectus available at www.sec.or.th or contact Bank of Ayudhya Public Company Limited, the bond underwriter, at 0 2296 3999. The subscription for the Sustainability Bonds is expected to open from September 11-12, 2025, with the bonds scheduled for issuance on September 15, 2025.