Add as a preferred source on GoogleTSMC Prices NT$14.8 Billion Green Bond Sale for Environmental Spending
The five-year bonds carry a 2.30% coupon and the 10-year bonds a 2.42% coupon, both higher than comparable rates in TSMC’s July sale.
Taiwan Semiconductor Manufacturing Company Limited (TSMC) priced NT$14.8 billion in green bonds Tuesday, setting five- and 10-year borrowing costs above its July sale as it funds green buildings and environmental spending.
The unsecured offering, priced Nov. 3, consists of NT$12.4 billion in five-year bonds with a fixed annual coupon of 2.30% and NT$2.4 billion in 10-year bonds with a 2.42% coupon. Both tranches were sold at face value, and each bond has a face value of NT$10 million. The coupon is the fixed annual interest rate paid to bondholders.
The new coupons are 0.27 percentage point higher for five-year debt and 0.32 percentage point higher for 10-year debt than TSMC’s July green bond sale, which totaled NT$18.5 billion and carried coupons of 2.03% and 2.10%, respectively.
The bonds do not include rights to convert into or exchange for shares, or to subscribe for equity. TSMC designated the proceeds for green buildings and other environmental spending.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.