Japan Set for Next Nuclear Power-Funding Bond With Kansai Deal
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Kansai Electric Power Co. is planning what would be Japan’s second transition bond to finance nuclear power projects, in the latest sign the nation’s pushing ahead with sales of debt that’s unpopular abroad but is supported by the government domestically.
The Osaka-based utility is planning to sell about ¥30 billion ($191 million) of transition notes in two tranches in July, according to SMBC Nikko Securities Inc., one of the underwriters. It’s planning to use the funds to invest in the company’s carbon neutral projects such as nuclear power and zero-carbon thermal power projects.