November 8, 2023 - The Taipower Board of Directors has approved the issuance of the 6th tranche of unsecured common corporate bonds for FY2023, scheduled for mid-December. The total issuance will be NT$16.7 billion, including NT$4.3 billion of 7-year green bonds.
Taipower stated that the issuance of its green bonds has entered its 7th year, as an annual uninterrupted response to green finance policies. Including this issuance, the cumulative issuance of green bonds has surpassed NT$60 billion. This is the third green bond issuance for FY2023, bringing this year’s cumulative issuance to NT$13.9 billion. The funds raised will be allocated to various projects, including the Second Small Hydropower Generation on the South Bank of the Jiji Weir, Wanli Hydropower Plant, Taiwan Small Hydropower Generation Phase I, Wind Power Generation Phase V, Offshore Wind Power Generation Phase II, Green Energy Phase I, Offshore Wind Power Generation Power Grid Enhancement Phase I, Offshore Wind Power Generation Power Grid Enhancement (Phase I Block Development), and Solar Photovoltaic Power Grid Projects.
Taipower pointed out that the conditions for the issuance of corporate bonds are as follows:
- 5-year unsecured common corporate bonds: Issued at a fixed interest rate of 1.70%, with a total of NT$4.7 billion. The interest is calculated at a fixed rate, payable annually, with the principal repaid at maturity.
- 7-year unsecured common corporate bonds (green bonds): Issued at a fixed interest rate of 1.70%, with a total of NT$4.3 billion. The interest is calculated at a fixed rate, payable annually, with the principal repaid at maturity.
- 10-year unsecured common corporate bonds: Issued at a fixed interest rate of 1.81%, with a total of NT$7.7 billion. The interest is calculated at a fixed rate, payable annually, with the principal repaid at maturity.
- The issuance of the bonds in this tranche is subject to confirmation after the filing becomes effective.
Spokesperson: Professional Chief Administrator Chih-Meng Tsai
Contact Number: (02)2366-6271/0958-749-333
E-mail: u910707@taipower.com.tw
Business Contact: Director Yao-Yue Wang, Finance Department
Contact Number: (02)2366-6810/0922-483-728
E-mail: u091506@taipower.com.tw