Taiwan: Taiwan Cement has a secured a US$592m green loan that will support its carbon-cutting and renewable energy projects. Credit Agricole CIB served as the green structuring advisor for the deal, while BNP Paribas, MUFG Bank, DBS Bank (Taiwan) and Taipei Fubon Bank joined as underwriters.
The loan carries an interest premium of only 100 basis points, around half the rate seen on similar Euro-denominated green bonds issued by other large investment-grade corporations. The funds will be used for repaying debt and for recycling and emissions-reducing projects. The company said that it will leverage finance tools to support its green transition and boost competitiveness on the global stage.
