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BLUE FINANCE AWARD FOR THAI UNION

Blue Finance Leadership Award for Thai Union

Blue Finance Leadership Award for Thai Union

Thai Union has been recognised for Blue Finance Leadership at the Business+ Product of the Year Awards 2021

Thai Union Group PCL, the world’s seafood leader, was recognised at the Business+ Product of the Year Awards for its leadership in Blue Finance. Yongyut Setthawiwat, Managing Director, Group Treasurer – Treasury and Finance Shared Serviced Department – represented Thai Union Group at the awards ceremony.

Thai Union has been paving the way for Blue Finance in Thailand. In February this year, Thai Union launched its inaugural Sustainability-Linked Loan (SLL) of THB 12 billion equivalent, which was followed in July by the successful pricing of its THB 5 billion 7-year Sustainability-Linked Bond (SLB) for institutional investors – the first SLB in Thailand. In November, the company successfully issued 5-year and 10-year tranche SLBs totalling THB 6 billion to diversify the institutional investor base. These are significant steps forward for Blue Finance—financing that has sustainability targets to benefit the oceans – where interest rates are linked to key performance indicators and sustainability performance targets.

The Product of the Year Awards are hosted by Business+ Magazine and the College of Management, Mahidol University, and given for outstanding products and services developed to meet the needs of today’s consumers.

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