Taipei, May 14 -- Taiwan Semiconductor Manufacturing Co. (TSMC) has decided to issue NT$18.4 billion (USD 584 million) in unsecured corporate bonds in the form of "green bonds" to finance spending on green architecture and environmental protection projects.

According to a report by Focus Taiwan, the issuance consists of two separate tranches designed to provide varying maturity options for investors.

In a statement issued on Wednesday, TSMC said that the NT$13.7 billion (approx. USD 435 million) of five-year bonds will have a coupon rate of 1.8 per cent, and NT$4.7 billion (approx. USD 149 million) of 10-year bonds will have a rate of 1.85 per cent.

The report mentioned that KGI Securities has been hired as the major underwriter of the...