Green Bond Fact Sheet

Far Eastern New Century

Date: 08/01/2018

Issue date: 08/01/2018 Maturity date: 08/01/2023 Tenor: 5Issuer Name

Far Eastern NewCentury

Amount Issued

TWD3Bn (USD101m)

Country of risk

TaiwanCBI Database

Included

Issuer Type1

Non-financialCorporate

Bond TypeGreen Bond

Green Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Not certified

Assurance report

DNV GL

Certification Verifier

N/AGreen bond rating

N/A☐ Energy☐ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ Waste to energy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Buildings☒ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emissionvehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Water & wastewater☐ Water distribution☐ Water treatment☒ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☒ Waste management☒ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

N/AFar Eastern New Century Corporation manufactures and sells polyester materials,
and semi-finished and finished textiles worldwide. It operates in Petrochemical
Business, Chemical Fiber Business, Textile Business, Telecommunication Services
Business, etc.

Firsts, records andcertifications
Proceeds description

Climate Bonds view
Underwriters
Deal comments
Credit Rating
Pricing summary
Investors summary

Proceeds will be allocated to four projects:1) waste polyester recycling facilities, which aims to reduce the use of PCR(polymerase chain reaction) products;2) polymer batching facilities that could improve energy efficiency and reduce
industrial solid waste;3) anhydrous dying facilities that could save water use and reduce waste
water discharge; and,4) a green building project, which has been certified against Taiwan’s
Construction and Planning Agency Green Building Standard, Gold.
The issuer has disclosed very detailed information on the expected positiveenvironmental and climate impact. For example, it is estimated that introducing
anhydrous dying facilities alone will save 31K tons water per year and avoid 33.8K
tons of waste water discharge per year.
We support green bonds financing for industrial efficiency improvement, waste
management and pollution control, especially when the expected impact is clear.
Capital Securities

1

Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign