On December 7, Hitachi announced that it will issue a total of 10 billion yen in unsecured corporate bonds, including green digital track bonds (digital environmental bonds) that use digital technologies such as IoT (Internet-of-Things) and blockchain platforms. He announced that he had decided on yen.
According to the release, the company will issue digital environmental bonds with a maturity of five years. The proceeds will be used to refinance the construction and renovation costs of the Central Research Institute’s Collaborative Creation Building, an energy-saving building. In addition, the company will issue straight bonds with maturities of 7 and 10 years, bringing the total amount raised to 90 billion yen.
Hitachi will collaborate with JPX Research Institute, Nomura Securities, and BOOSTRY for the issuance. This is the second digital environmental bond issuance in Japan, following Japan Exchange Group.
｜Text/Editing: CoinDesk JAPAN Editorial Department
｜Figure: From the release