Hitachi Ltd. issues Japan’s largest digital green bond. Emiri Matsuo of Hitachi Corporate Finance announced that the coupon rate of these five-year green bonds is set at 0.598%.
The digital green bond issuance is worth a total of 10 billion yen (about $68 million), and Nippon Life Insurance Co. said it has purchased half of the issuance share. These digital securities are also sold to other life insurance companies, central public institutions and corporates. Matsuo said Hitachi would consider selling such securities again. (Bloomberg)