the early stages and any developments in improved methodologies and data that can increase the climate integrity of future bond issuances. As a result, the Criteria are likely to be refined over time

may forego the opportunity to invest in an investment which we otherwise believe likely to outperform over time. 11MSTR. 548225 Sustainable Asia Bond Strategy ESG Integration Normative Screening

this year may be capped by weak commodity prices, likely causing growth in export value to be lower than what was seen in the first half. At the same time, farm income may decelerate amid rising output

transactions via multiple platforms in a highly competitive environment. At the same time, the core business of loans is likely to see limited growth pending clearer signs of economic recovery. Home loan and

recovery coupled with high oil prices since early this year may put more pressure on inflation. Against this backdrop, central banks worldwide are highly likely to adopt a more tightening stance, especially

. Use of Proceeds 1.1. The Issuer shall document the Nominated Projects & Assets which are proposed to be associated with the Bond and which have been assessed as likely to be Eligible Projects & Assets

management companies that are owned by bank experience greater inflow on average, likely caused by greater distribution channel that commercial banks in Thailand have. By December 2016, bank-owned asset

and thus, would likely experience the aforementioned issues. For 2014 inspections, the SEC found an improvement in this area as audit firms had started to implement clear succession plan and policies to

grow at a slower pace, likely to fall below the lower end of the projection range of 2.5-3.0 percent, beset by the COVID-19 outbreak, the gloal economic slowdown, delay in the implementation of 2020

worldwide is expected to show improvement, which is likely to coincide with gradually rising inflationary pressure. Inflation is set to edge up amid soaring oil prices in the global market where this year’s