Tokyo govt to issue 'green bonds' totaling 10 billion yen
Jiji -- Oct 21
The Tokyo metropolitan government said Friday it will issue 10 billion yen in "green bonds" for institutional investors on Oct. 31.

Tokyo will be the first Japanese municipal government to place debt securities certified by a third party to resolve environmental issues.

Specifically, the metropolitan government will issue 5 billion yen each in 0.02 pct five-year notes and 0.982 pct 30-year bonds, collectively called Tokyo green bonds.

Proceeds will be used for making water and sewage facilities more energy-efficient, building and maintaining parks, and for other projects.

Nippon Life Insurance Co., Mizuho Bank and other institutional investors have already said they will buy them, metropolitan government officials said.

News source: Jiji
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