PTT signs first sustainability-linked loan worth 4.8 billion baht, with Krungsri as sole lender

Thunhoon··TH·Read original
2▲2 ▼0Impact / 5
Summary · why it matters

PTT, together with Bank of Ayudhya, announced the successful completion of its first sustainability-linked loan, or Sustainability Term Loan, worth 4.8 billion baht, with Krungsri acting as Sole Sustainability Finance Advisor and Sole Lender. This collaboration marks a significant step for PTT in integrating sustainability concepts into its business strategy. The loan facility will support key sustainability projects of PTT, such as forest restoration and expansion, as well as support for the development of science and technology education through Kamnoetvidya Science Academy, or KVIS, and the Vidyasirimedhi Institute of Science and Technology, or VISTEC. The transaction coincides with PTT's 48th anniversary and reflects the close and long-standing relationship between PTT and Krungsri, as well as Krungsri's commitment to being a leading regional bank for sustainability.

Impact on assets 2

Energy Transition & Power Demand▲ · 1 stocks
PTT Public Company Limited
PTT
▲ PositiveCapitalrelevance

PTT secures its first sustainability-linked loan of 4.8 billion baht to fund forest restoration and education projects.

Financials▲ · 1 stocks
Bank of Ayudhya PCL
BAY
▲ PositiveCapitalrelevance

Krungsri acts as sole lender and sole sustainability finance advisor on PTT's 4.8 billion baht sustainability-linked loan.