TAIPEI (Taiwan News) — Taiwan Cement Corp. announced Thursday it secured a NT$17.27 billion (US$591.71 million) green loan through its Dutch subsidiary, aimed at supporting its carbon-cutting and renewable energy projects.

The cement maker said the deal has strengthened its liquidity ratio, enhancing the company’s overall financial stability, per CNA. Credit Agricole CIB served as the green structuring advisor for the deal while BNP Paribas, MUFG Bank, DBS Bank (Taiwan), and Taipei Fubon Bank joined as underwriters.

TCC explained that the green loan carries an interest premium of only 100 basis points, roughly half the rate seen on similar euro-denominated green bonds issued by other large investment-grade corporates, per UDN.

According to the company, the green loan adheres to its latest green finance framework and has been validated by ISS Corporate, confirming compliance with international standards. The funds will be used for repaying debt and for recycling and emissions-reducing projects.

In March, TCC issued US$350 million in unsecured green convertible bonds. The latest green loan, it added, further solidifies the group’s credit standing and brand presence within the international green finance market.

The company said it will leverage finance tools to support its green transition and boost competitiveness on the global stage.