To promote green energy and enhance operational capital, Taipower's Executive Board has approved the issuance of the 3rd tranche of unsecured common corporate bonds for 2023, scheduled for mid-June. The total issuance is NT$19.4 billion, with NT$4.8 billion designated as 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 will reach NT$59.05 billion. The funds raised from this green bond issuance will be invested in various projects, including the Small Hydropower Plant of Nanan South Channel Two of the Jiji Weir, Wanli Hydropower Plant, the 1st Phase of Nationwide Small Hydropower Plants, the 5th Phase of Wind Power Generation, the 2nd Phase of Offshore Wind Power Generation, Yilan Renze Geothermal Power Generation, the 1st Phase of Green Energy Projects, First Phase of Offshore Wind Power Grid Enhancement, Offshore Wind Power Grid Enhancement (1st Stage Block Development), and Solar Photovoltaic Power Grid projects.

Taipower stated that the terms of the corporate bond issuance are as follows:

1. 3-year unsecured common corporate bonds: Issued at a fixed interest rate of 1.45%, with a total of NT$1.1 billion. The interest is calculated at a fixed rate, payable annually, with the principal repaid at maturity.
2. 5-year unsecured common corporate bonds: Issued at a fixed interest rate of 1.57%, with a total of NT$9.1 billion. The interest is calculated at a fixed rate, payable annually, with the principal repaid at maturity.
3. 7-year unsecured common corporate bonds (green bonds): Issued at a fixed interest rate of 1.60%, with a total of NT$4.8 billion. The interest is calculated at a fixed rate, payable annually, with the principal repaid at maturity.
4. 10-year unsecured common corporate bonds: Issued at a fixed interest rate of 1.78%, with a total of NT$4.4 billion. The interest is calculated at a fixed rate, payable annually, with the principal repaid at maturity.
5. The issuance of the bonds in this tranche is subject to confirmation after the filing becomes effective.

Spokesperson: Chief Engineer Wu Chin-Chung

Contact Number: (02)2366-6271/0910-192-766

E-mail: u850899@taipower.com.tw

Business Contact: Director Chen Li-Chen, Finance Department

Contact Number: (02)2366-6810/0932-338-770

E-mail: u048292@taipower.com.tw