For years, FENC has been an avid supporter of the sustainable development policies in Taiwan. After becoming the first to issue four types of sustainable bonds, FENC took the lead once again and issued the first sustainable exchangeable bond in 2024 with underlying shares from Asia Cement Corporation and Far Eastern Department Stores Ltd. under FEG. Combining the strengths of stock shares and bonds, exchangeable bonds are further diversifying FENC’s financing channels. With approvals from the Board and the Securities and Futures Bureau of the FSC and Taipei Exchanges, the exchangeable bond was listed and issued on August 8, 2024. The fund raised will power green investment projects at FENC and its subsidiaries. The projects, such as production improvement, equipment refinement and energy management, will be driving sustainable development at FENC, helping the Company complete its green transformation.

This exchangeable bond brought FENC international recognitions from three prominent financial magazines, which is a vote of confidence for FENC’s innovation in sustainable finance.

Finance Magazine	Awards
Treasury Today	Adam Smith Awards Asia－Best Sustainable Treasury Solution Overall Winner
FinanceAsia	Achievement Award – Best Sustainable Finance Deal
The Asset	Triple  A Awards for Sustainable Finance – Best Sustainability Exchangeable Bond

 

FENC will continue enhancing its green investments network. By internalizing ESG strategies and fostering mutual prosperity in the capital market and for sustainable development, FENC is contributing to the global transformation to a low-carbon economy.