Taiwan Cement has approval to issue NT$20 billion corporate bonds

Chicago, April 11 – Taiwan Cement Corp. announced the approval by its board of directors for the issuance of up to NT$20 billion of corporate bonds, which may be issued in U.S. dollars, according to a regulatory announcement.

The company may issue domestic corporate green or social bonds or straight bonds in local currency or U.S. dollars or an overseas offering of either green or social bonds or corporate bonds in U.S. dollars.

There may be more than one issues under the approved amount.

Issuance should be fixed rate, at par and with a tenor of less than 20 years.

Proceeds will be used to raise long-term operating capital, invest in domestic and overseas businesses, repay debts and enhance financial structure, green investment plans or other uses that could enhance and fulfill the corporate social responsibility of the company with positive social benefits.

The Taipei, Taiwan-based cement company is now an environmental engineering company focusing on green energy projects.

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