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Thematic Bonds for Affordable Green Housing in Asia and the Pacific: A Case Study of Thailand’s National Housing Authority

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The Asian Development Bank (ADB) estimates that the Asia and the Pacific region will need to invest $1.7 trillion per year in infrastructure, including housing, until 2030 to maintain growth momentum, tackle poverty, and respond to climate change. Bonds and other capital market instruments have a proven ability to quickly tap into global pools of institutional and pension funds, including social impact and insurance funds, projected to be worth between $45 trillion and $60 trillion globally.

This case study discusses the experience of Thailand’s National Housing Authority in the issuance of thematic bonds to build green, affordable housing for the country’s low-income residents.

Contents

  • The Need to Rapidly Scale Up Finance for Sustainable Housing in Asia
  • The Emergence of Thematic Bonds
  • Looking Ahead

Published January 2022.
Source: Asian Development Bank.

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