Japan's Mizuho kicks off EUR-800m green bond offering

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September 6 (Renewables Now) - Japan’s Mizuho Financial Group Inc (TYO:8411) has issued a EUR-800-million (USD 796.2m) green bond to finance environmentally-friendly initiatives, including renewable energy schemes, and support its sustainable finance goals.

The financial services giant will invest the raised proceeds through its subsidiary Mizuho Bank, the parent company said on Monday. According to it, the issue is the largest euro-denominated green bond placed by a Japanese financial institution.

The bond, issued on September 5, bears an interest of 3.490% and matures on September 5, 2027.

In a bid to help the efforts to limit the rise in global temperature to 1.5°C, Mizuho Financial has set a goal of achieving net zero emissions by 2050. In line with the objective, it aims to allocate some JPY 12 trillion in financing to expand the positive impact on the environment in the period between 2019 and 2030. The green bond sale is part of that programme.

(EUR 1.0 = USD 0.995)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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