Orsted Successfully Issues Green Bonds in Taiwan

Source: www.gulfoilandgas.com 11/4/2020, Location: Asia

Today, Orsted has secured nominal TWD 15 billion of debt financing through the issuance of green senior bonds, to finance its investments in offshore wind in Taiwan. The bonds have been issued in accordance with Orsted’s Green Finance Framework.
The new unsecured green senior bonds comprise a 7-year TWD 4 billion fixed-rate tranche, a 10-year TWD 3 billion fixed-rate tranche, and a 20-year TWD 8 billion fixed rate tranche. All tranches have settlement on 13 November 2020.

Key details of the TWD 4 billion fixed rate green bond maturing in 2027:
- Maturity date: 13 November 2027
- Coupon (fixed until maturity): 0.60 %
- Price: 100 % of the nominal amount
- Listing: Taipei Exchange

Key details of the TWD 3 billion fixed rate green bond maturing in 2030:
- Maturity date: 13 November 2030
- Coupon (fixed until maturity): 0.70 %
- Price: 100 % of the nominal amount
- Listing: Taipei Exchange

Key details of the TWD 8 billion fixed rate green bond maturing in 2040:
- Maturity date: 13 November 2040
- Coupon (fixed until maturity): 0.98 %
- Price: 100 % of the nominal amount
- Listing: Taipei Exchange

Orsted CFO Marianne Wiinholt says:
“We’re very pleased with the continued support the Taiwanese investor community have shown Orsted by supporting our financing of the Greater Changhua 1 & 2a project. This is another important milestone for us, and we’re proud of our contribution to the Taiwanese capital market with our successful issuance of green bonds, which underlines our commitment to Orsted’s activities in Taiwan.”

Matthias Bausenwein, President of Orsted Asia Pacific, says:
“Our second green bond transaction in the Taiwanese market demonstrates Orsted’s deepened collaboration with local financial institutions in creating an active green bond market. It is important for Orsted to secure a share of our financing from the local markets and we welcome the participation of local financial partners. Together we’re contributing to the long-term development of offshore wind in Taiwan.”

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