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Thailand recognized as Green Bond pioneer


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BANGKOK (NNT) - Thailand’s decision to issue Green Bonds to acquire 1 trillion baht to alleviate the environmental impact of COVID-19 has garnered recognition from the Climate Bonds Initiative (CBI), which has named the Kingdom a Sovereign Green Market Pioneer.

 

Public Debt Management Office (PDMO) Director Patricia Mongkhonvanit explained today that the Thai government’s Sustainability Bonds or Green Bonds have gained it the Sovereign Green Market Pioneer accolade from the CBI’s 6th Climate Bond Awards. The award recognizes Thailand’s regional influence on sustainable finance, and success in achieving a reduction in carbon emissions in line with the Paris Climate Agreement. It is the sixth such award the bonds have brought the Kingdom.

 

CBI is a non-profit organization of the United Kingdom that promotes environmental and socially responsible investment. Its recognition is an affirmation of Thailand’s Green Bond initiative at a global level and should spur domestic and foreign investment confidence while underlining Thailand’s role in the international effort against climate change and environmental degradation.

 

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-- © Copyright NNT 2021-04-23
 
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What's the rate of return on these bonds? 

Just found it.  It has a pathetic yield of 1.585%, where the global average yield on Green Bonds is 7.5%.  I should check in the US.  I would be nice to invest in a fixed-income asset that has a reasonable return.

Edited by connda
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13 hours ago, connda said:

would be nice to invest in a fixed-income asset

First of all you should learn about the monetary system.

As soon as you understand the graph below (M2/U.S./10y)

you'll understand that an investment in fixed-income securities is generally a losing proposition.

 

 

13 hours ago, connda said:

It has a pathetic yield of 1.585%

Bonds often publish the yield figures only for legal or taxation reasons.
This number has little to zero influence on the overall performance of your investment in the long term.

m2-us-10years.jpg

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