According to the bank's website, the proposed project "entails IFC’s subscription of up to US$150 million in a USD-denominated bond to be privately issued by TMBThanachart Bank Public Company Limited (“TTB” or the “Bank”) to support TTB to grow green financing for electric vehicles (EVs) and to develop its blue financing business (the “Project”). TTB plans to issue a green bond of up to US$100 million and a blue bond of up to US$50 million via private placement to IFC.TTB, originally established as Thai Military Bank (TMB) in 1957, was renamed following its merger in December 2019 with Thanachart Bank Public Company Limited. TTB is the sixth largest bank in Thailand in terms of total assets and offers full-fledged commercial banking services in retail banking, corporate, SME banking, life and non-life insurance, investment banking and asset management."
TMBThanachart Bank Public Company Limited
Mr. Chalermchai Paisithmongkol
Head of Central Treasury
3000 Phahonyothin Rd. Khwang Chomphon, Khet Chatuchak, Bangkok 10900
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