Taiwan Cement Corp. (TCC) has approved three major financing initiatives totaling nearly NT$30 billion (approximately US$937 million) to support its sustainability and expansion efforts. The board of directors endorsed the domestic issuance of NT$8 billion in sustainability-linked convertible bonds, alongside a US$350 million (NT$11.17 billion) overseas issuance by its Dutch subsidiary. Additionally, TCC will provide a €300 million (NT$10.63 billion) guarantee for the issuance of Euro green bonds, making it the first Taiwanese company to do so.
The move reflects TCC’s strategy to fund its low-carbon cement, energy, and energy storage projects, particularly in Europe, while controlling share capital expansion and minimizing earnings dilution. By targeting sustainability-focused financing, TCC strengthens its position in the green economy and aligns with global environmental goals.
