Ørsted has selected arranging banks for its inaugural green bond issuance in Taiwan
Global offshore wind leader Ørsted is preparing for a potential NTD denominated green bond issuance in Taiwan towards the end of this year for financing the Greater Changhua projects. The company today announces that it has selected BNP Paribas, Bank of Taiwan, CTBC Bank and Deutsche Bank as arrangers with BNP Paribas and Bank of Taiwan as Mandated Lead Arrangers.
Leveraging on its experience as a green bond issuer, Ørsted hopes to participate in building a strong corporate green bond market in Taiwan for the benefit of the Taiwanese offshore wind industry where significant funding is needed to realise the ambitious offshore wind build-out plan.
On 30th April 2019, Ørsted made the final investment decision for the Greater Changhua 1 & 2a projects. Two months later, Ørsted signed a green five-year NTD twenty-five billion syndicated green revolving credit facility (RCF) with 15 local and foreign banks in Taiwan.