Orsted’s green bonds to be listed in Taiwan Tuesday

Focus Taiwan
Date: 2019/11/18
By: Frances Huang

Taipei, Nov. 18 (CNA) Green bonds of Danish energy developer Orsted are scheduled to be listed and traded on Taiwan's over-the-counter (OTC) market on Tuesday, according to the Taipei Exchange (TPEx).

The TPEx, which operates the local OTC market, said Orsted, through its subsidiary Orsted Wind Power TW Holding A/S, will issue NT$12 billion (US$393 million) in green bonds, and trading will start Tuesday, as the company seeks to finance its offshore wind development project in Taiwan.

Orsted's green bonds comprise a NT$4 billion tranche with a maturity of seven years and a 0.92 percent coupon rate, and an NT$8 billion tranche with a maturity of 15 years and a 1.5 percent rate, the TPEx said last Friday.

The TPEx said Orsted's green bonds will be sold to professional institutional investors, including insurance companies, banks, securities firms and mutual funds, rather than to retail investors.

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