ASE plans to issue US$300 million green bond
Taiwan News, Staff Writer
2014-07-18 12:37 PM

Taiwan-based IC testing and packing service provider ASE (2311) announced a plan to issue its first ever offshore 3-year US dollar denominated corporate bond designed for an eco-friendly program through its subsidiary Anstockll Limited at the amount of US$300 million with a yield of 2.125%. ASE will act as the issuer’s guarantor and is liable for all bond issuer obligations. ASE stated that capital raised from this green bond through Anstockll will be used for investing or promoting environmental-protection and energy-efficiency items to carry out its social responsibility.

ASE is the first Asian manufacturer to issue a green bond and also the first Taiwanese company to do the same. ASE said, this fund serves the purpose of investing in facilities beneficial to the environment, including building green factories, reclaimed water facilities, wastewater treatment plants, wastewater monitoring systems, and other energy-saving projects.

ASE emphasized that it wishes to continue its eco-centered investment plans inside and outside the country through issuing green bonds. Its relevant plans have passed Oslo CICERO’s (Center for International Climate and Environmental Research) review and certification, and the allocation of capital raised from the green bond will be regularly monitored and reported on by an independent accountant.

ASE’s green bond is schedule to launch on July 24 and list on the Singapore Exchange. The company stressed, the bond issuance announcement does not constitute an offer or solicitation to sell shares or securities.

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