To raise funds for green energy promotion and power development, the Board of Directors of Taipower has approved (on November 16) the seventh unsecured corporate bonds of NT$13.8 billion for 2022, scheduled to be issued in mid-December. Among them, the 3-year corporate bonds of NT$4.0 billion have received the green bond qualification of the Taipei Exchange (TPEx) and will be used for the Green Energy Investment Program to carry out renewable energy and energy technology development.

Since the government's promotion of green bonds starting in 2017, Taipower has participated in the issuance of green bonds every year. Up to now, Taipower has issued green bonds exceeding a total of NT$50 billion (excluding the current issuance), making it the company with the largest issuance of green bonds in Taiwan. The issuance of the current green bonds is the third of the year (2022). By adding the current issuance of NT$10.4 billion, Taipower's total issuance of green bonds will reach NT$54.25 billion.

The funds raised from the current green bonds will be invested in 8 Green Energy Investment Programs including the Second Small Hydropower Generation on the South Bank of the Jiji Weir, the Wanli Hydropower Generation, the Taiwan Small Hydropower Generation Phase I, the Offshore Wind Power Generation Phase II, the Wind Power Generation Phase V, the Yilan Renze Geothermal Power Generation, the Green Energy Phase I, and the Offshore Wind Power Generation Power Grid Enhancement Phase I.

• Taipower has issued green bonds since 2017. By adding the current issuance, Taipower's total green bond issuance will reach NT$54.25 billion. The funds raised from the current green bonds will be invested in 8 Green Energy Investment Programs. Photo: Jingshan Power Plant.

Taipower has stated the conditions for the issuance of corporate bonds as follows:

1. 3-year unsecured corporate bonds (green bonds): NT$4 billion will be issued at a fixed interest rate of 1.90%. The interest will be paid once a year and the principal amount will be returned upon maturity.

2. 5-year unsecured corporate bonds: NT$7.2 billion will be issued at a fixed interest rate of 2.05%. The interest will be paid once per year and one-half of the principal amount will be returned at the end of the fourth and fifth years from the date of issuance.

3. 10-year unsecured corporate bonds: NT$2.6 billion will be issued at a fixed interest rate of 2.20%. The interest will be paid once per year and the principal amount will be returned upon maturity.

4. The issuance of the current corporate bonds will be confirmed after the declaration comes into effect.

Spokesperson: Professional Chief Engineer, Chin-chung Wu

Tel: (02) 2366-6271 / 0910-192-766

Email: u850899@taipower.com.tw

Contact Person: Director of Financial Department, Li-chen Chen

Tel: (02) 2366-6810 / 0932-338-770

Email: u850899@taipower.com.tw