Green Bond Fact SheetFirst Commercial Bank

Date: 07/04/2020

Issue date: 27-03-2020 Maturity date: 27-03-2023 Tenor: 3Issuer nameFirst Commercial Bank

Amount issued

TWD1bn/USD33m

Country of riskTaiwan

CBI Database

Included

Issuer type1

Financial Corporate

Bond typeSr Unsecured

Green bond framework

Link to framework

Second party opinion

N/A

Certification Standard

Not certified

Assurance report

Deloitte

Certification verifier

N/AGreen bond rating

N/A☒ Energy☒ Solar☒ Onshore wind
☒ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ 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 emission
vehicles☐ 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
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ 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

The issuer committed to disclose the allocation of proceeds at post-issuance stage in a
dedicated report at least annually.
First Commercial Bank Co., Ltd. provides banking services. The Company provides deposits,loans, accepts checking, discounting, fund management, foreign exchange, and otherservices. First Commercial Bank provides its services to individuals, enterprises, and otherclients.

Firsts, records andcertificationsProceeds description

Climate Bonds view

The issuer plans to use all net proceeds for renewable energy projects, including themanufacture of wind and solar power generation, transmission and storage equipment, as
well as constructions. The expected climate impact includes avoiding 14,546 tons of CO2
emission per year.
Among the eligible green bonds from Taiwan, wind power is one of the most commonly
financed climate theme. As Taiwan announced at the very end of 2019 the renewableenergy feed-in tariff (FiT) rates for 2020, including a 7.64% reduction of the offshore windrate, we would expect a surge of green bond issuance in this sector this year.

Underwriters
Deal comments
Credit rating
Pricing summary
Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign