Certification

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to under 2 degrees. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

 

BTS Group

 

 

 

The proceeds will be used to finance expenditure on the existing network infrastructure (wholly electrified) and as well as the construction of two (wholly electrified) lines of the Bangkok Mass Transit System ("BTS") Skytrain in Bangkok.

BTS Group is one of the largest companies in Thailand. Its core business focuses on its (97.5%) ownership and operation of BTS Skytrain. The Group also has other business interests such as media advertising, property development and software development, related to the BTS network. Approximately 2/3 of its revenues come from its BTS network.

The BTS Skytrain is an electrically powered elevated metro rapid transit network. It currently is comprised of two lines with 36km of track and 43 stations. (see pictures below)

There are currently extensions to these lines, as well as new lines under construction, which will amount to at least 64km of new track and 53 new stations, in the near future. This will result in a tripling of its current network track length.

BTS Group has recently been focusing on sustainability throughout its business. It has won several accolades for its efforts on sustainability issues including several awards and being included on the Dow Jones Sustainability Index. It mentions the SDGs in its annual reporting and it has manged to substantially reduced the energy consumption of its rail network. 

 

The bond issued in 2020 was issued to finance the development of their Pink and Yellow loines, which are currently under construction.

 

DATE OF ISSUE

TYPE OF INSTRUMENT

SIZE

TENOR

COUNTRY OF ISSUE

CLIMATE BONDS SECTOR CRITERIA

VERIFIER'S REPORT

ANNUAL REPORT FURTHER INFORMATION
May 2019 Use of Proceeds 13 billion Thai Baht (USD 408 million) 5 tranches, up to 10 years Thailand Low Carbon Land Transport  Pre Issuance Verification Report by Sustainalytics 

 

post issuance verification

 

Thailand Stock Exchange Listing Document

BTS Group Press Release

Green Bond webpage

Green Bond Framework

November 2020 Use of Proceeds 8.6 billion Thai Baht (USD 281.2 million) 5 tranches, up to 10 years Thailand Low Carbon Land Transport Pre issuance verification  

BTS Group Press Release

Issuance Letter

 

 

Photo of BTS Skytrain (taken from Wikipedia)