Media Release March 30, 2022

Deutsche Bank wins Ministry of Finance Thailand’s Sustainability Bond Contributor award

Deutsche Bank was awarded Sustainability Bond Contributor by Thailand’s Ministry of Finance (MoF), the first for a foreign investment bank at the ThaiBMA Best Bond Awards 2021, held on 30 March 2022.

The MoF’s Sustainability Bond Contributor accolade is granted to active bond players who have significantly contributed to primary and secondary market activities of MoF’s inaugural sustainability bond issuance, the first of its kind in Southeast Asia [1]. The sustainability bond was first issued in August 2020 to fund the government’s green infrastructure and social relief programmes related to Covid-19.

Additionally, the Sustainability Bond Contributor is recognised for its role in promoting activity in Thailand’s government bond market through direct investor outreach and education, as well as active engagement with bond market stakeholders.

Deutsche Bank Head of Global Markets and Head of ICG, Thailand, Ms. Teerada Tuppun said, “Social and sustainability bonds have a key role to play in alleviating the unprecedented economic and social disruptions brought upon by the Covid-19 pandemic. We are honoured to have contributed in growing onshore and offshore liquidity for MoF’s first-ever sustainability bond, and remain committed to working closely with the ministry to drive its efforts in achieving economic growth that is sustainable and inclusive.

“This award is not just testament to the strength of our local market expertise, but more importantly the role we can play in sustainable development.”

The ThaiBMA Best Bond Awards seek to recognise exemplary organisations and individuals who have contributed to development of Thailand’s bond market, in both the public and private sectors. It is organised by the Thailand Bond Market Association, a regulatory association under Thailand’s Securities and Exchange Act. Award winners are determined based on nominations by a panel of jury as well as participants in the bond market.

Thailand’s local currency bond market has developed rapidly over the past decade, as the government continued to support the country’s economic development. 

As of September 2021, the local currency bond market had a total notional outstanding of THB14.5 trillion (US$430 billion), more than doubled from THB7.1 trillion (USD$229 billion) in 2011. Government bonds contributed to a 73% share of total bonds in the September 2021 period[2].


For further information please contact:

Deutsche Bank AG Media Relations

Derrick Tee

Phone: +65 8788 5403



[1] Source: Thailand’s Inaugural Sustainability Bond Issuance is well received

[2] Source: AsianBondsOnline

About Deutsche Bank

Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.

This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement.

Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission.

Such factors are described in detail in our SEC Form 20-F of 12 March 2021 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from

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