By: Tsai Peng-min and Evelyn Kao
Taipei, Oct. 11 (CNA) State-owned Taiwan Power Co. (Taipower) said Thursday it is
planning to issue an additional NT$2.9 billion (US$93.21 million) worth of green bonds on the local over-the-counter market (OTC) next month.
Taipower’s green bonds, which have a maturity of five years, are scheduled to be issued from the middle of next month, and the proceeds will be used to develop renewable energy, including offshore wind power, solar energy and hydroelectric power generation projects, Taipower spokesman Hsu Tsao-hua (徐造華) said.
The proposal for the green bond sale has been submitted for approval by the Taipei Exchange, which operates the local OTC market, according to Hsu. [FULL STORY]