TSMC to sell NT$6.1 billion in green bonds.
$Taiwan Semiconductor(TSM.US)$ announced plans Wednesday to sell NT$6.1 billion (US$205 million) in unsecured corporate green bonds to finance environmentally friendly projects in construction and other areas.
A TSMC board meeting in mid-February approved plans to issue up to NT$60 billion in unsecured bonds in Taiwan to finance expansion and pollution-control initiatives.The NT$6.1 billion corporate bonds will be the third tranche of green bonds sold by TSMC this year.
Green bonds, promoted by Taiwan's capital markets and financial authorities, are aimed at encouraging companies to act in an environmentally responsible way, with the proceeds going to environmentally friendly projects.
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