Financial News
MHI to Issue its First Transition Bond
August 05, 2022 at 01:17 AM EDT
TOKYO, Aug 5, 2022 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) today submitted a revised shelf registration statement to the Kanto Local Finance Bureau in preparation for planned issuance of a transition bond in the Japanese market. The issuance will be undertaken to raise funds for allocation to diverse initiatives toward achieving carbon neutrality.
The planned issuance is based on MHI's selection as a model example of the "2021 Climate Transition Finance Model Projects" being supported by the Ministry of Economy, Trade and Industry (METI), as announced in the Company's press release of March 18, 2022. One of the unique features of this model example is that MHI not only plans to achieve emission reduction from the economic activities of itself but also attempts to enable the realization of transition strategies of other parties through its products and services. Through issuance of its first transition bond, MHI looks to diversify its fund procurement methods and achieve its target of carbon neutrality by 2040.
For more information visit https://www.mhi.com/news/22080502.html.
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