Japan Digital Bond Market Sees Largest Digital Green Bonds Sale, $68M By Hitachi
Portfolio Pulse from Khyathi Dalal
Hitachi (OTC:HTHIY) has issued the largest digital green bonds in Japan, totaling $68 million, with a coupon rate of 0.598%. Nippon Life Insurance purchased half of the offering. The bonds, which are part of Japan's move towards innovative issuance in the corporate debt market, will leverage the Green Tracking Hub to enhance transparency of environmental impacts. The hub is developed by Hitachi and JPXI, with blockchain support from BOOSTRY. Trading on the exchange is set to begin at the end of December.
December 07, 2023 | 2:38 pm
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POSITIVE IMPACT
Hitachi's issuance of the largest digital green bonds in Japan may attract investor interest due to the innovative and environmentally focused nature of the bonds.
The successful issuance of a large digital green bond by Hitachi indicates a positive market reception and a growing interest in sustainable investments. This could lead to increased investor confidence in Hitachi's commitment to environmental responsibility and innovation in financial products, potentially having a positive impact on the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100