Itochu to Issue Japan's First Orange Bond

TOKYO, Sep 06 (News On Japan) - Itochu Corporation announced on September 5th that it will issue Japan's first corporate bond known as the 'Orange Bond,' with proceeds earmarked exclusively for initiatives promoting women's empowerment and related activities.

The name 'Orange Bond' derives from the color of the United Nations Sustainable Development Goals (SDG) icon representing gender equality. Funds raised will be used to purchase products from companies that promote women in their supply chains and to finance the development of in-house daycare centers.

According to Daiwa Securities, which supported the issuance, institutional investors showed strong interest, bringing the total issuance amount to 15.2 billion yen.

Itochu emphasized that empowering women is indispensable to enhancing the company's corporate value and positioned the Orange Bond as a concrete step toward that goal.

Source: テレ東BIZ

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