07.2021 Group Briefing
FENC leads Taiwan in issuing social responsibility bonds
Far Eastern Magazine / Editorial Room
On May 24, far eastern New Century Corporation issued the first batch of "social responsibility bonds" of domestic enterprises and listed on the OTC market. It has become the only enterprise in Taiwan that issues green bonds, sustainable development bonds and social responsibility bonds at the same time. It not only marks an important milestone in the development of sustainable finance, but also shows that far eastern group attaches great importance to sustainable development.
Adhering to the spirit of "innovation" of Far Eastern Group, far eastern New Century Corporation has long responded to the sustainability development policy promoted by the government. It not only issued the first green bond of domestic private enterprises in early 2018, but also took the lead in establishing a sustainable bond framework in accordance with the 17 sustainability development goals (sdgs) of the United Nations by the end of 2020, Issue the first sustainable development bond of domestic enterprises.
In April 2020, the OTC Center issued the key points for the operation of sustainability development bonds, which were newly incorporated into the source of the issuance law of social responsibility bonds. Far Eastern New Century Corporation responded positively and once again took the lead in Taiwan. It issued 5-year "social responsibility bonds" with a coupon rate of 0.52% and a total amount of NT $1.2 billion, with Keji securities as the lead underwriter, The funds raised will be used to protect vulnerable groups, provide anti epidemic materials of cowid-19, purchase locally, support small and medium-sized enterprises to maintain employees' employment during the epidemic period and other projects with social benefits.
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Adhering to the spirit of "innovation" of Far Eastern Group, far eastern New Century Corporation has long responded to the sustainability development policy promoted by the government. It not only issued the first green bond of domestic private enterprises in early 2018, but also took the lead in establishing a sustainable bond framework in accordance with the 17 sustainability development goals (sdgs) of the United Nations by the end of 2020, Issue the first sustainable development bond of domestic enterprises.
In April 2020, the OTC Center issued the key points for the operation of sustainability development bonds, which were newly incorporated into the source of the issuance law of social responsibility bonds. Far Eastern New Century Corporation responded positively and once again took the lead in Taiwan. It issued 5-year "social responsibility bonds" with a coupon rate of 0.52% and a total amount of NT $1.2 billion, with Keji securities as the lead underwriter, The funds raised will be used to protect vulnerable groups, provide anti epidemic materials of cowid-19, purchase locally, support small and medium-sized enterprises to maintain employees' employment during the epidemic period and other projects with social benefits.
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