Taiwan Cement Corp. announced Thursday it secured a NT$17.27 billion (US$591.71 million) green loan through its Dutch subsidiary, aimed at supporting its carbon-cutting and renewable energy projects.
The cement maker said the deal has strengthened its liquidity ratio, enhancing the company’s overall financial stability, per CNA. Credit Agricole CIB served as the green structuring advisor for the deal while BNP Paribas, MUFG Bank, DBS Bank (Taiwan), and Taipei Fubon Bank joined as underwriters.
The funds will be used for recycling and emissions-reducing projects.
