Taipei Exchange

Today, the sustainability bond issued by Land Bank of Taiwan is listed on Taipei Exchange. Since the green bond market established in 2017, there are 6 government-owned banks issued sustainable bonds, so that it is obvious that government-owned banks have demonstrated their ambitions to develop sustainable finance, and implement its attention to social responsibility.

As stated by the Taipei Exchange, LBOT issued a total nominal amount of NTD 1 billion sustainability bond with a 5-year maturity and a coupon rate fixed at 0.39%. The framework of the issue was verified by KPMG. The funds raised from the sustainability bond will be used in both green project and social project. The green project is about solar and wind power generation and the social project is focus on access to essential services, affordable housing, and employment generation programs.

According to the TPEx, since the sustainability bond market was established on October 2020, the total issue amount has reached 53.4 billion NTD, showing that issuers joined the sustainable bond market under the trend of ESG to support environment and corporate social responsibility.