Ørsted Issues Green Senior Bonds in Taiwan

Ørsted has issued green senior bonds in Taiwan for the purpose of raising green financing for its investments in the local offshore wind sector.

Ørsted has completed the pricing of new unsecured green senior bonds of nominal TWD 12 billion (circa EUR 342.6 million) in total comprising a 7-year TWD 4 billion fixed-rate tranche and a 15-year TWD 8 billion fixed rate tranche.

Both tranches have settlement on 19 November, the company said.

“We are very pleased with the completion of this historic transaction which is an important step in the financing of the Changhua 1 & 2a project. We are proud to help develop the local financial market with respect to green financing and this underlines our commitment to Ørsted’s activities in Taiwan,” said Ørsted CFO Marianne Wiinholt.

The transaction marks the first-ever green TWD bond to be issued by a foreign corporation in Taiwan, Ørsted said.

BNP Paribas and Bank of Taiwan are the Mandated Lead Arrangers alongside Deutsche Bank and CTBC as arrangers on the transaction.

The original article was updated on 6 November.

Photo: Ørsted