Twin Pine advised the Ministry of Finance Lao PDR in its inaugural launch of Thai baht cross-border bond worth THB 1.5 billion. The successful launch was the first cross-border Non-Rated issue by a sovereign in the Thai capital market. Following the first successful issuance, Twin Pine was appointed again as the advisor for the subsequent issues.
Twin Pine was the sole advisor for EDL Generation Public Company, assisting them to become the first Laos issuer to be rated and to raise more than USD 1 billion through multiple Thai baht and USD bond issuances. The deals have received numerous prestigious regional awards.
Twin Pine was the architect of the first ever cross-border capital market deal by a Myanmar focused company in Thailand, reflecting a new frontier in regional integration. The bond was issued by Yoma Strategic Holdings Ltd. and was guaranteed by Credit Guarantee and Investment Facility (CGIF), a Trust Fund of Asian Development Bank (ADB).