Natixis Corporate and Investment Banking (Natixis CIB) has successfully placed its first green Formosa bond – a 30-year callable zero coupon – in a dual listing on the Taipei and Luxembourg exchanges, raising US$180 million and attracting significant investor demand.

Proceeds of the transaction will be used to finance or refinance new and existing green projects under Group BPCE’s Sustainable Development Bond Programme, notably renewable energy projects (photovoltaic, onshore and offshore windfarms, hydro, and biomass) and green buildings.

“As we continue to see an increased appetite for green and sustainable products with investors responding to the call for more [environmental, social and governance] ESG-related investments,” says Viet Linh Ha Thuc, Natixis’ head of global markets, Asia-Pacific, “this transaction exemplifies the strong position that Natixis CIB has established in Taiwan and demonstrates our ability to deliver innovative products that meet the demands of the local market.”

Natixis CIB, one of the most prominent issuers of Formosa bonds in recent years, has also been active in the renewables space in Taiwan, having played a key role in a number of significant projects, including the Yulin windfarm, the largest offshore wind project in Asia.