Financial services firm Hitachi Capital (UK) Plc has placed a USD-40-million (EUR 33.8m) senior unsecured medium-term note with a single investor, namely Dai-ichi Frontier Life Insurance Co Ltd.
Hitachi Capital UK said that this three-year note with a coupon of 1.07% was issued as the debut green bond under the company’s EMTN programme.
It will be used exclusively for the financing of eligible projects under a recently-published green financing framework, which, the firm says, will facilitate the funding of green projects including the provision of leases for hybrid solar farms and electric vehicle (EV) charging points.
“Through our Green Financing Framework, utilising our financial strength and expertise, our intention is to issue further green bonds aligned to our commitment that 20% of our assets will support sustainable business projects over the next five years,” said Robert Gordon, CEO of Hitachi Capital UK.
NatWest and Nomura served as joint green structuring banks.
Hitachi Capital UK is a fully-owned unit of Japanese non-bank financial institution Hitachi Capital Corp, which in turn is an affiliate of both Hitachi Ltd and Mitsubishi UFJ Financial Group Inc.
Source RenewablesNow