SCB, SMBC act as lead arrangers, coordinators for €500m green loan

The Thai company plans to use proceeds for refinancing purposes.

Standard Chartered Bank (Singapore) and Sumitomo Mitsui Banking Corporation (Singapore) served as lead arrangers and sustainability coordinators for the €500m syndicated green loan of Thailand’s Minor International Public Company (MINT).

This is reportedly the first loan of its kind in Thailand’s tourism and leisure sector.

MINT plans to use the proceeds to refinance existing syndicated facilities.

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A total of 19 banks participated in the loan, of which 14 have participated in previous facilities, whilst five new banks joined the consortium.

The loan generated strong demand that reportedly approached the €1b mark, more than double the intended target, MINT said in a press release.