Ørsted Issues Second Green Bond in Taiwan

Ørsted has issued its second TWD denominated green bond in Taiwan to raise financing for its continuing investments in the Greater Changhua 1 & 2a offshore wind project.

The new unsecured green senior bonds comprise a 7-year TWD 4 billion fixed-rate tranche, a 10-year TWD 3 billion fixed-rate tranche, and a 20-year TWD 8 billion fixed-rate tranche, all of which have settlement on 13 November.

Ørsted has selected BNP Paribas, Cathay United Bank, and CTBC Bank to act as Mandated Lead Arrangers on the transaction.

“Our second green bond transaction in the Taiwanese market demonstrates Ørsted’s deepened collaboration with local financial institutions in creating an active green bond market,” said Matthias Bausenwein, President of Ørsted Asia Pacific.

“It is important for Ørsted to secure a share of our financing from the local markets and we welcome the participation of local financial partners. Together we’re contributing to the long-term development of offshore wind in Taiwan.”

The bonds are 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.

The Changhua 1 and 2a project will feature 111 Siemens Gamesa 8 MW turbines some 35 to 50km off the coast. The projects will have a total capacity of circa 900 MW.

The article was updated on 4 November at 12:20 p.m.