Taipei Exchange

The Taiwan Cooperative Bank has its sustainability bond listed on the Taipei Exchange from May 31, 2021. The bond is the first sustainability bond issued by a government-owned bank pushing the total amount of sustainability bond issuance to exceed NTD 50 billion in Taiwan.

According to the Taipei Exchange, the Taiwan Cooperative Bank issued a total nominal amount of NTD 1 billion sustainability bond with a 5-year maturity and a coupon rate fixed at 0.4%. The framework of the sustainability bond was verified by an external reviewer- Deloitte & Touche. The use of proceeds will be injected into green and social projects in the form of loans. The green projects include solar and wind power generation and waste recycling or reuse; the social projects include affordable housing and employment generation programs.

As stated by the Taipei Exchange, since the listing and trading mechanism for the sustainability bonds launched in September 2020, the total amount of issuance has been reached NTD 50.4 billion, and the issuers include CTBC Bank, Bank SinoPac, Far Eastern New Century Corporation, Taipei Fubon Bank, Republic of Chile, and Taiwan Cooperative Bank. The Taipei Exchange hopes the sustainability bonds will be an alternative funding channel for corporates to support their sustainability transformation, and provide diversified investment opportunities for investors. For more information, please visit the official webpage of the Sustainable Bond Market at https://www.tpex.org.tw/web/bond/sustainability/index.php?l=en-us.