KBank and IRPC pioneer innovative ESG financial instrument with Thailand's first-ever Social-Linked THOR interest rate swap

Mr. Tipakorn Saiphatana, KBank Executive Vice President, said, "The Bank always places importance on promoting sustainability through innovative financial products. With this in mind, the Bank recently launched a new financial product, which is the first of its kind in Thailand for the issuance of a THOR interest rate swap, with conditions linked to social sustainability development goals. If customers meet these goals, they will receive a preferential interest rate, referred to as Social-Linked THOR, designed to help customers manage financial risks while promoting sustainability within their organizations and Thai society. This financial product underscores KBank's commitment to operating its businesses in line with the principles of sustainable banking to drive the Thai economy and society towards sustainable growth."

Mr. Phichin Aphiwantanaporn, Senior Executive Vice President, Corporate Accounting & Finance of IRPC Public Company Limited, said, "IRPC is committed to continuously developing and elevating its position as a role model organization in human rights, which is part of its goal to drive sustainable business operations. This has led to a collaborative effort in linking social management with interest rate swap [Social-Linked THOR], enabling IRPC to manage financial risks more efficiently while promoting clear and measurable ESG initiatives. The move sets a new standard for businesses and fosters financial innovation in the Thai capital market."

This collaboration marks a milestone in promoting innovative ESG financial instruments. It will serve as a model for other Thai businesses striving to contribute to the sustainable growth of the Thai economy and society.

• ข่าวinnovative
• ข่าวo:editor
• ข่าวo:fin
• ข่าวo:loc
• ข่าวen