Taipei Exchange

Today, the International Bonds issued by Republic of Chile States is listed on Taipei Exchange. This is the first time Republic of Chile, with a A credit rating, issuing its sovereign bond in Taiwan, and is the fourth foreign central government issuing International Bond here after the State of Qatar, the State of Israel and the United Mexican States. This issuance totaled USD 1.5 billion with maturities of 32 years and fixed its coupon rate at 3.50%.

The framework of the issue was verified by Vigeo Eiris. The funds raised from the sustainability bond will be used in both green project and social project. The green project is about the clean transportation and the social project is focus on the access to education, support for the elderly or people with special need in vulnerable situations and support for low income families.

According to the TPEx, since the sustainability bond market was established on October 2020, the total issue amount has reached 49.4 billion NTD, showing that issuers joined the sustainable bond market under the trend of ESG to support environment and corporate social responsibility.