To raise funds for power development, the Board of Executive Directors of Taipower has approved yesterday (October 6) the third unsecured corporate bonds of NT$ 12.7 billion for 2021, which it is scheduled to be issued in mid November. The 7-year bonds of NT$ 6.4 billion are green bonds certified by the Taipei Exchange, and will be used in Renewable Energy and Energy Technology Development" green investment projects.
Taipower states that since the issuance of the first green bond in 2017, it has issued a total of NT$35.45 billion of green bonds (excluding this quarter), making Taipower the company with the largest amount of green bond issuance in the nation. Including the bonds issued in this quarter, the total amount of bonds is expected to exceed NT$40 billion. The funds raised from the green bonds in this quarter will be invested in the Phase I and Phase II of offshore wind power generators, Phase I of power grid reinforcement in offshore wind power generators, Phase I of small scale renewable energy power generators, Phase V of wind power generators, the second small hydropower generator in the south shore of the connecting channel to the south bank of the Jiji River weir, Phase I of the Yilan Renze-Tuchang thermal power generator, the small hydropower generator in Hushan Reservoir, the Penghu low carbon island wind power generators, the Wanli hydropower generator and other green investment projects.
Taipower pointed out that the conditions for the issuance of corporate bonds are as follows:
- 5-year unsecured corporate bonds: NT$ 3.9 billion will be issued at a fixed interest rate of 0.47%. The interest will be paid once a year and the principal amount will be returned upon maturity.
- 7-year unsecured corporate bonds: NT$ 6.4 billion will be issued at a fixed interest rate of 0.48%. The interest will be paid once a year and the principal amount will be returned upon maturity.
- 10-year unsecured corporate bonds: NT$ 2.4 billion will be issued at a fixed interest rate of 0.60%. The interest will be paid once a year and the principal amount will be returned upon maturity.
- The issuance of the current corporate bonds will be confirmed after the declaration becomes effective.
Spokesperson： Professional Chief Administrator, Ting-Shu Zhang
Tel：(02)2366-6271/0936-625-552
Email：u742433@taipower.com.tw
Contact Person: Deputy Director of Department of Finance, Li-Zhen Chen
Tel：(02)2366-6811/0932-338-770
Email：u048292@taipower.com.tw