Thai Union Surpasses 2025 Blue Finance Target with THB 24 Billion in Sustainable Financing, Drawing Overwhelming Investor Demand

Thiraphong Chansiri, President and CEO of Thai Union Group PCL, said, "This remarkable achievement is a powerful endorsement of our vision and a clear signal that financial performance and sustainability leadership go hand-in-hand. It's not just about securing capital; it's about aligning our financial strategy directly with our SeaChange(R) 2030 sustainability commitments. The immense trust placed in us by the investment community fuels our dedication to our mission of 'Healthy Living, Healthy Oceans,' as we work to create a more sustainable and equitable future for the global seafood industry."

The transactions in September, totaling THB 19 billion, comprised a THB 10 billion package of sustainability-linked loans from a syndicate of leading banks and a THB 9 billion bond issuance. Strong market demand saw the issuance heavily oversubscribed, prompting the bond issuance's upsizing from THB 7 billion to THB 9 billion.

Thai Union secured pricing at the tightest end of the range across all tenors, resulting in historically low coupon rates for Thai Union that underscore the market's profound confidence in the company's financial stability and sustainability vision:

Thai Union's strong credit standing is reinforced by its recently announced TRIS Rating, which has affirmed the company rating and senior unsecured debentures at "A+."

Ludovic Garnier, Chief Financial Officer, Thai Union Group PCL commented, "The financial outcome of this issuance is exceptional. Achieving our historically lowest borrowing costs reflects the market's deep confidence in Thai Union's financial strength and strategic direction. The innovative hybrid structure and the overwhelming oversubscription demonstrate a growing appetite for sophisticated sustainable finance products. We are incredibly grateful for the immense support from our investor community."

Participating banks included Bank of Ayudhya and Kasikornbank (for both the bonds and loans); Kiatnakin Phatra Securities, Krung Thai Bank, and Siam Commercial Bank (for the bonds); and Bank of China Hong Kong and Thailand, Export-Import Bank of Thailand, Mizuho Bank, OCBC Singapore Branch, Sumitomo Mitsui Bank, and HSBC Singapore and Thailand (for the loans).

Earlier this year, Thai Union also secured a landmark THB 5 billion blue loan from the Asian Development Bank (ADB) and participating banks—the first of its kind in Thailand's seafood sector—supporting sustainable shrimp production and farmer certification. In total, Thai Union's sustainable refinancing reached THB 24 billion in 2025.

The financing instruments are closely linked to the company's SeaChange(R) 2030 strategy, supporting key sustainability objectives such as reducing greenhouse gas emissions, advancing responsible aquaculture, and funding ocean-focused projects. Sustainability-linked instruments incentivize performance by offering favorable financing terms upon achievement of defined targets, while Blue Bonds allocate proceeds directly to ocean-related initiatives.

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