MTC 4-Year USD 335 Million Social Bond Wins Regional “Thailand Capital Markets Deal of the Year” at IFR Asia Awards 2024

Muangthai Capital Public Company Limited (MTC) is advancing toward its goal of becoming a World-Class Thai Microfinance leader. Celebrating a major milestone, its 4-year USD 335 million Social Bond has won the regional “Thailand Capital Markets Deal of the Year” award at the IFR Asia Awards 2024. Mr. Parithad Petampai, Deputy Managing Director, highlighted that MTC is the first Thai company in 20 years to issue such a bond, with subscription demand exceeding five times the offering. The proceeds will be used to expand financial access for farmers and women entrepreneurs, supporting sustainable development goals.

Mr. Parithad Petampai, Deputy Managing Director of Muangthai Capital Public Company Limited (MTC), revealed that the company received the regional award for Thailand Capital Markets Deal of the Year at the IFR Asia Awards 2024, organized by International Financing Review Asia (IFR Asia), a leading global magazine in the money and capital markets sector. This recognition was for MTC’s issuance of a 4-year Social Bond worth USD 335 million in September 2024.

“This marks as the first high-yield bond offering in the international market by a Thai issuer in nearly 20 years. The Social Bond issuance received strong investor demand, resulting in subscription orders nearly five times the offered amount.”

The funds raised from this issuance will be used to create opportunities for farmers and women micro-entrepreneurs to access financial resources, in line with the company’s Social Bond framework. The focus is on enhancing financial inclusion, promoting livelihoods, and supporting sustainable agriculture, aligned with the United Nations Sustainable Development Goals (SDGs).

Mr. Parithad Petampai, Deputy Managing Director of MTC, added that this bond issuance marks a significant milestone for the company in diversifying its foreign funding sources while managing financial risks. It also underscores MTC’s commitment to being a global leader in microfinance (World Class Thai Microfinance), focusing on delivering responsible and fair financial services at international standards, alongside maintaining strong corporate governance.