Published on 10/28/2020 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.
New Issue: Bank SinoPac sells NT$1 billion 0.46% five-year green bonds at par
By Rebecca Melvin
New York, Oct. 28 – Taiwan’s SinoPac Financial Holdings Co., Ltd. announced that subsidiary Bank SinoPac priced NT$1 billion of five-year green debentures at par to yield 0.46%, according to a Taiwan Stock Exchange announcement.
Proceeds from the non-underwritten offering will be used for green and social policy financing.
SinoPac is a Taipei-based banking and securities company.
| Issuer: | Bank SinoPac
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| Issue: | Unsecured green bonds, 2020 seventh issue
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| Amount: | NT$1 billion
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| Maturity: | Nov. 6, 2025
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| Coupon: | 0.46%
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| Price: | Par
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| Yield: | 0.46%
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| Announcement date: | Oct. 28
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| Settlement date: | Nov. 6
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