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According to the bank's website, "the proposed investment is IFC’s subscription of up to US$400 million in a 7-year green and blue bond to be privately issued by Bank of Ayudhya Public Company Limited (BAY or the Bank), of which US$50 million will be dedicated to supporting the development of the Bank’s blue assets related to ocean-friendly projects as well as protecting clean water resources, with the remaining subscription amount dedicated to supporting the growth of the Bank’s eligible green assets (the Project). The entire bond will adhere to the International Capital Markets Association’s (ICMA) Green Bond Principles, with the blue portion also following IFC’s Guidelines for Blue Finance".
The proposed IFC investment will be up to US$400 million in a 7-year bond to be privately issued by BAY.
According to the IFC, BAY is the 5th largest Domestic Systemically Important Bank (D-SIB) in Thailand, and a strategic subsidiary of MUFG Bank in Japan with 76.88% ownership. BAY is an existing client since 2012 and a regional partner of IFC through multiple engagements with its group companies. BAY is rated BBB+/Stable (S&P) and BBB+/Stable (Fitch), and is listed on the Stock Exchange of Thailand.
Duangkhae Khunviseadpong
Bank of Ayudhya Public Company Limited
EVP, Head of Strategic Assets and Liabilities Management Department
+66 (0) 2-296 5307
duangkhae.khunviseadpong@krungsri.com
1222 Rama III Road, Bang Phongphang, Yan Nawa, Bangkok 10120 Thailand
https://www.krungsri.com/bank/en/Contact/CU/ContactUs.html
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ACCOUNTABILITY MECHANISM OF IFC/MIGA
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org