To promote green energy and power development, the Board of Directors of Taipower has approved (on May 8) the second unsecured corporate bonds of NT$ 15.2 billion for 2020 which it is scheduled to be issued in mid-June. Among them, the 5-year corporate bonds of NT$ 3.2 billion has received the green bond qualification from the Taipei Exchange and will be used in the green investment projects for the "Development of Renewable Energy and Energy Technologies".

    Taipower stated that since the first issuance of green bonds in 2017, it has issued a total of NT$ 19.45 billion of green bonds (excluding the current one), becoming the company that issued the most green bonds in Taiwan. With the issuance of the current green bonds, the total amount is expected to exceed NT$ 20 billion. The funds raised from the green bonds will be used in the green investment projects including the Liyutan reservoir Jingshan hydropower generation, the Hushan reservoir small hydropower generation, the Jiji barrage south bank connecting channel south bank II small hydropower generation, the small hydropower generation phase I and II in Taiwan, the Low-Carbon Island wind power generation in Penghu, the offshore wind power generation phase I and II, the small-scale renewable energy power generation phase I, the wind power generation phase V, the solar photovoltaic power generation phase II, IV and V, the offshore wind power enhanced power grid phase I, and the Yilan Renze-Tuchang geothermal power generation Phase I.

    Taipower pointed out that the conditions for the issuance of corporate bonds are as follows:

1. 5-year unsecured corporate bonds: NT$ 3.2 billion will be issued at a fixed interest rate of 0.53%. The interest will be paid once a year and the principal amount will be returned upon maturity.
2. 7-year unsecured corporate bonds: NT$ 6.8 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.
3. 10-year unsecured corporate bonds: NT$ 3.6 billion will be issued at a fixed interest rate of 0.65%. The interest will be paid once a year and the principal amount will be returned upon maturity.
4. 15-year unsecured corporate bonds: NT$ 1.6 billion will be issued at a fixed interest rate of 0.73%. The interest will be paid once a year and the principal amount will be returned upon maturity.
5. The issuance of the current corporate bonds will be confirmed after the declaration becomes effective.

Spokesperson： Vice President, Zao-Hua Xu
Tel：(02)2366-6271/0937-730-598
Email：u787200@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