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Taiwan High Speed Rail Issues First Sustainability Bond in the Transportation Industry

Date:2021/08/30

Taiwan High Speed Rail Corporation (THSR) issued an NTD 1 billion sustainability bond today and is listed on the Taipei Exchange. The bond is the first sustainability bond issued in the transport sector in Taiwan, demonstrating that more and more issuers are using the sustainable bond to implement their commitments of sustainable development and social responsibility.

Taipei Exchange pointed out that the issue amount of sustainability bond issued by THSR is NTD 1 billion, with a 3-year maturity and a fixed interest rate of 0.3%. Deloitte Taiwan is the external certification body and has conducted the assessment opinion report. For the green investment plan, the funds will be used for pollution prevention and control projects, which will be invested in new automated equipment to reduce air pollutants and achieve environmental protection. For the social investment plan, the funds will be used for affordable basic infrastructure projects, including a new intelligent IoT passenger information system to ensure the safety and convenience of passengers.

Since the implementation of the sustainability bond mechanism in October 2020, the total issuance has reached NTD 54.4 billion. Taipei Exchange continues to be devoted to providing enterprises with access to financing for their sustainable development and transformation, as well as offering more diversified investment options to domestic investors. For more information on sustainability bonds, please refer to the "Sustainable Bonds" section of the Taipei Exchange website (www.tpex.org.tw).