To promote green energy and develop power, Taipower’s standing board of directors approved today (the 7th) to issue Quarter 4 of unsecured ordinary corporate bonds worth NT$12.8 billion in the later half of November 2020. The bonds are divided into 5-year, 7-year and 10-year bonds. All the bonds are green bonds certified by the Taipei Exchange, and will be used in Renewable Energy and Energy Technology Development" green investment projects.

  The NT$12.8 billion of green bonds in this quarter sets the record as "Taipower’s largest issuance of single-term green bonds and the first full-term green bonds." Taipower states that since the issuance of the first green bond in 2017, it has issued a total of NT$22.65 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$35 billion. The funds raised from the green bonds in this quarter will be invested in the Jingshan hydropower generator in Liyutan Reservoir, the small hydropower generator in Hushan Reservoir, the second small hydropower generator in the south shore of the connecting channel to the south bank of the Jiji River weir, the Wanli hydropower generator, Phase I and Phase II of small hydropower generators across Taiwan, the Penghu low carbon island wind power generators, Phase I and Phase II of offshore wind power generators, Phase I of small scale renewable energy power generators, Phase V of wind power generators, Phases II, IV and V of solar photovoltaic generators, Phase I of power grid reinforcement in offshore wind power generators, Phase I of the Yilan Renze-Tuchang thermal power generator and other green investment projects.

       According to Taipower, the conditions for the issuance of corporate bonds are as follows:

1. 5-year unsecured ordinary corporate bonds: NT$4 billion of bonds are issued at a fixed interest rate of 0.45%. Interest is calculated and paid once a year, and the principal is repaid in lump sum at maturity.

2. 7-year unsecured ordinary corporate bonds: NT$6.4 billion of bonds are issued at a fixed interest rate of 0.50%. Interest is calculated and paid once a year, and the principal is repaid in lump sum at maturity.

3. 10-year unsecured ordinary corporate bonds: NT$2.4 billion of bonds are issued at a fixed interest rate of 0.56%. Interest is calculated and paid once a year, and the principal is repaid in lump sum at maturity.

4. The issuance of corporate bonds in this quarter shall be confirmed after declaration becomes effective.

Spokesperson: Chang Ting-Shu, Chief Administrator

Telephone: (02)2366-6271/ 0936-625-552

Email: u742433@taipower.com.tw

Business Contact: Chen Li-Chen, Deputy Director of the Department of Finance

Telephone: (02)2366-6811/0932-338-770

Email：u048292@taipower.com.tw