Taiwan banks seek approval for their first green bonds

KGI Financial Holding

26/04/2017 10:15

TAIPEI, April 26 (Reuters) - Bank subsidiaries of Sinopac 
Financial Holdings Co  2890.TW  and China Development Financial 
Holding Corp  2883.TW  have applied for approval from Taipei 
Exchange to issue their first green bonds, two sources with 
knowledge of the matter said. 
    Subsidiaries Bank SinoPac and KGI Bank have applied for the 
approvals. 
    According to the sources who declined to be named, Taiwan's 
banks are currently active players in seeking to issue the green 
bonds. The two banks in this case will use the funds mainly to 
make loans for green financing. 
    In a response to a query from Reuters, the Taipei Exchange 
said two banks had applied for approval for green bond issuance, 
but declined to provide more details. 
    The Taipei Exchange has launched new services for issuers 
looking to sell green bonds, a part of the government's wider 
push to help the green energy technology industry obtain medium 
and long-term financing. 
    Both Bank Sinopac and KGI Bank declined to comment.   
 
 (Reporting by Emily Chan; Writing by Jess Macy Yu; Editing by 
Sam Holmes) 
 ((JessicaMacy.Yu@thomsonreuters.com; +886 2 2500-4882;)) 
 
Keywords: TAIWAN BANKS/GREEN