A syndicated loan contract of NTD12 billion joint credit facility entrusted to Bank of Taiwan and First Commercial Bank by Qisda Corporation was signed today (22nd). The event was hosted by Qisda Corporation Chairman Peter Chen and First Commercial Bank Chairman Yueh-Chin Chiu. This is Qisda’s first syndicated loan linked to ESG sustainability indicators, in the hope to inject more dynamics into the company. The syndicated loan was over-subscribed by 221% and closed at NTD12 billion, showing the high recognition and affirmation of the financial sector towards Qisda’s value transformation and the development strategy that incorporates sustainability.

According to Chairman Peter Chen, Qisda’s objective for 2022 is to achieve the goal of earning more than half of its revenue from the High Value-Added Business. With the operating model of the Grand Fleet and strategic alliances with invisible champions in the medical, smart solutions, and 5G networking sectors that are on par with the concept of sustainable development, its High Value-Added Business will be developed in a proactive manner, laying a solid economic foundation for Qisda’s sustainable management.

Qisda’s sustainability indicators were incorporated in the terms of the syndicated loan. During the term of the loan, the managing bank conducts evaluations on the achievements of Qisda’s sustainability targets with respect to environmental, social and corporate governance-related performances. This is to evaluate whether Qisda’s indicators are achieved as a means to offer corresponding interest rate reduction so as to encourage customers to achieve their ESG objectives.

The purpose of the syndicated loan is to enrich working capital and repay existing bank loans, with the Bank of Taiwan and First Commercial Bank acting as the managing banks. The original plan was to raise NTD10 billion, with the participation of 17 financial institutions; the loan was exceeded by 221%, with a commitment amount reaching NTD22.1 billion and was eventually closed at NTD12 billion. This shows that the financial sector is confident about Qisda’s strategic goal to combine operations with sustainable development, while setting an example that the financial sector also does its utmost to fulfill corporate social responsibility in addition to pursuing reasonable profits.

As it is Qisda’s committed determination to build a sustainable business, its efforts have been highly recognized across all sectors since the first Qisda CSR Report was released in 2007. In 2021, Qisda received multiple TCSAs, and was selected by Forbes as one of the World’s Best Employers and won HR Asia’s Best Companies to Work For in Asia for three consecutive years. In the future, Qisda will lead the members of the Grand Fleet and focus on the development of the four major operational directions. The Group’s supply chain will also play an important part in promoting sustainability in order to extend social influence and create a longstanding value.