Reported 4 months ago
Kyushu Electric Power Co. raised ¥30 billion from Japan's first environmental bond exclusively for nuclear projects, attracting strong demand from investors. The dual-tranche transition bond will refinance investments in nuclear-related projects like emergency response centers. Despite past limited interest, the issuance reflects Japan's carbon-neutral goals, although challenges with radioactive waste disposal persist. The deal saw high demand, with the five-year tranche receiving three times more orders than raised and the 10-year part seeing 1.1 times. Corporate transition bond sales in Japan are rising, with the government and private sector contributing to the growth of this type of debt.
Source: YAHOO