Deals
First Japanese Utility Considers Issuing Green Bonds
- Firm returned to bond market in ‘17 after ‘11 nuclear disaster
- ESG bond issuance is expected to increase further in Japan
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Tokyo Electric Power Co. Holdings Inc. could become the first Japanese utility to issue green bonds, as it mulls a sale of such securities.
The company is considering raising funds via its new unit Tepco Renewable Power Inc., which was established this month to take over the renewable energy business, according to spokesman Takao Takagi. Details such as the timing, size and currency are still being discussed, he said.