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Ministry of Economic Affairs,R.O.C.

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2021-11-08 16:41
Taiwan Power Company

Raising funds for green energy investment projects Taipower plans to issue the 2021 Quarter 4 unsecured ordinary corporate bonds

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Raising funds for green energy investment projects Taipower plans to issue the 2021 Quarter 4 unsecured ordinary corporate bonds
To raise funds for power development, the Board of Executive Directors of Taipower has approved on the 5th to issue Quarter 4 of unsecured corporate bonds of NT$ 13.7 billion for 2021, which it is scheduled to be issued in mid December. The 10-year bonds of NT$ 2 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 the funds raised from the green bonds in this quarter will be invested in 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 of small scale renewable energy power generators, the Penghu low carbon island wind power generators, the Phase I and Phase II of offshore wind power generators, Phase V of wind power 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.

Taipower pointed out that with the NT$6.4 billion of green bonds issued back in mid November, Taipower has issued a total of NT$8.4 billion of green bonds this year. Since the issuance of the first green bond in 2017, the total amount of bonds is expected to exceed NT$43.85 billion.

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

1. 5-year unsecured ordinary corporate bonds: NT$5.8 billion of bonds are issued at a fixed interest rate of 0.57%. 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$5.9 billion of bonds are issued at a fixed interest rate of 0.62%. 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 billion of bonds are issued at a fixed interest rate of 0.69%. 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: 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