Taipei Exchange (TPEx) held the Convertible Bonds Listing and Accreditation Ceremony on Thursday. Issued by Far Eastern New Century, the proceeds from these bonds will support the low-carbon transition of the company's subsidiaries.
TPEx Chairman Philip Chen (陳永誠) said in his remarks that, under the guidance of the Securities and Futures Bureau, TPEx plans to offer a range of sustainable financial instruments. These options aim to provide companies and investors with multiple avenues to support sustainable development.
Chen noted that Far Eastern New Century is leading the way with the issuance of Taiwan’s first green exchangeable bonds, which have now been officially listed on Taiwan's bond markets. The funds raised will assist the company's subsidiaries in their low-carbon transition.
Chen also mentioned that Century Iron & Steel Industrial and Taiwan Cement have obtained certification to issue green convertible bonds in the third fiscal calendar year quarter. The proceeds from these bonds will be used to develop offshore wind power infrastructure and reduce carbon emissions, respectively.
Chen emphasized that while Taiwan Cement is traditionally a high-carbon emission enterprise, it is making notable strides in the low-carbon transition. He expressed hope that Taiwan Cement will emerge as a leader in reducing carbon emissions within the high-emission industry sector.