The year 2023 was marked by a beleaguered world economy dented by crises and challenges from a geopolitical balance tilted by the Red Sea crisis and conflicts between Israel and Hamas; an economic outlook dampened by the Chinese property sector crisis; the uncertain course of the U.S.-China relations. These crises are highlighting the significance of managing risks associated with the management of interest rates and liquidity.

FENC is embracing a world of changes with agile financing strategies. For the short term, the Company utilizes structured financing with varied maturities while monitoring trends in market interest rates. For the medium and long terms, the aim is to secure long-term capital by issuing eight corporate bonds totaling NT$20.9 billion, which puts FENC ahead of the pack among companies with the same rating. Green bonds issued by FENC have amounted to NT$5.85 billion, which helps the Company gain preferential rates and cut interest expenses. The approach also aligns FENC with its sustainable development strategies, values and image.

By leveraging the bill market, long-term credits and hedging while monitoring the interest rate, FENC is minimizing impacts on financing costs resulting from future  fluctuations in interest rates. With the flexible use of financing tools, the Company has successfully reduced capital costs and operational risks.