Taiwanese shipping major Evergreen Marine has launched the company’s first green bonds to support the company’s green initiatives.
Taiwan’s First Bank and First Securities are the underwriters of the bonds, which are expected to raise NTW2bn ($65.7m). The maturity of the bonds is five years.
The proceeds from the bond issue will be used for improving energy efficiency, preventing and controlling pollution, and sustainable environmental developments.
First Financial Holding, the parent of First Bank, said the bond is in line with the government’s green finance policy.
Earlier this month, Evergreen announced plans to install scrubbers on 20 of its 11,000 teu containerships.