Secretariat, Taipei City Government

To implement Mayor Chiang, Wan-An vision of a city of "sustainable communion and hope for the capital," The TCG today issued amount of NT$ 2.5 billion Social bond of Sustainable Bonds. The issuance amounts are NT$0.6 billion for 2 years, NT$0.8 billion for 3 years and $1.1 billion for 5 years, respectively. Weighted average interest rate 1.237%. The Department of Rapid Transit Systems, TCG issued social bond, attracting the active participation of 20 domestic bidders. All the funds raised is used for the exclusively social project of rapid transit construction with social benefits.

Hu Hsiao-lan, the commissioner of DOF, said that the issuance of Social Bond NT$2.5 billion, in addition to the investment in improving the construction environment of Taipei City MRT, the Social Bond framework has reached three national first. Firstly, it is the first domestic government agency to issue social bonds, but also the first domestic government agency to link the contents of the project framework with the United Nations Sustainable Development Goals (SDGs). In addition, it is also the first in Taiwan to refer to the International Capital Markets Association (ICMA) issuance of the latest Social Bond Principles, to track the issuance of this bond, in addition to the use of external results and impact.

DOF stated that, to give the government a clear regulatory basis for issuing sustainable bonds, before actively advising the Taipei Exchange to amend the Taipei Exchange Operation Directions for Sustainable Bonds, to update the regulation governing the issuance of sustainable development bonds by government agencies. The Taipei Exchange adopts recommendations to amend the relevant regulations. Today, there is a basis for making sustainable development bonds available to all levels of government. In addition, this issue can be issued smoothly, thanks to the assistance and support from all walks of life, including the Taipei Exchange, the Department of Rapid Transit Systems, the Bank of Treasury (Taipei Fubon Bank) and Ernst & Young Taiwan fully cooperate and assist with the participation and support of the participating bidders. Under "Sustainable Communion and Hope for the Capital" city vision in Chiang’s government, it will link the SDGs through the construction of MRT. Leading government departments to invest in SDGs, more to the world to declare Taipei sustainable development, net zero carbon emissions. Improving the visibility and international image of Taipei City in the world and green finance to create sustainable triple wins for cities, enterprises and citizens.