Ørsted has selected arranging banks for its second green bond offering in Taiwan
Today, Ørsted announced that it has appointed BNP Paribas, Cathay United Bank and CTBC Bank as Mandate Lead Arranger’s for a potential TWD denominated green bond issuance in Taiwan in Q4 2020.
Leveraging on the successful inaugural two-tranche TWD 12 billion bond issuance in November last year, Ørsted intends to issue new green bonds in Taiwan for the purpose of financing the Greater Changhua 1 and 2a Offshore Wind Farm with expected completion in 2022. The wind farm will have a total installed capacity of 900 MW, enough to power approximately 1 million Taiwanese households with green power.
The bonds will be issued by Ørsted Wind Power TW Holding A/S, the Danish based holding company of Ørsted’s activities in Taiwan, and fully guaranteed by Ørsted A/S.
With years of experience as a green bond issuer, Ørsted is committed to support the development of a strong corporate green bond market in Taiwan to advance the offshore wind industry, which requires significant capital to realize the ambitious offshore wind build-out plan and achieve the energy transition goals of the Taiwanese government.
The information provided in this announcement does not change Ørsted’s previously announced guidance and expected investment level for the 2020 financial year.
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