Nascent Digital Bond Market in Japan Sees Biggest Sale to Date
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Hitachi Ltd. sold Japan’s biggest digital corporate bonds in a relatively young market, building on demand for such securities.
The five-year green bonds priced on Thursday at a coupon of 0.598%, said Emiri Matsuo of Hitachi’s treasury division financing department. Nippon Life Insurance Co. said it bought half of the ¥10 billion yen ($68 million) offering. The digital securities were also sold to life insurers, central public institutions and other corporates, Matsuo said.