Orsted has issued green bonds totalling TWD15bn (€449m) to help finance the company’s investments in the 900MW Greater Changhua 1&2a offshore wind farm off Taiwan.
The Danes are targeting three tranches of green senior unsecured bonds with maturities of seven, 10 and 20 years, with the final value subject to market conditions.
The final sizes, tranches, and pricing of the green senior bonds will be determined when the book-building process closes, Orsted said.
This will be the second time Orsted has issued green bonds in Taiwanese dollars.
The bonds will be issued by Orsted Wind Power TW Holding under Orsted’s EMTN-programme and backed by a guarantee from Orsted.
Orsted has selected BNP Paribas, Cathay United Bank, and CTBC Bank to act as mandated lead arrangers on the transaction.
The company added that the announcement does not change its guidance for the financial year 2020 or the announced expected investment level for 2020.