Sumitomo Mitsui Banking Corporation issues US$500 million green bond

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Sumitomo Mitsui Banking Corporation issues US$500 million green bond

Sumitomo Mitsui Banking Corporation has announced that it determined the issuance of green bonds valued US$500 million on October 14, 2015.

The maturity of the bonds is 5 years and have a coupon of 2.45 %.

Green bonds are notes that limit the usage of net proceeds to the financing of projects with environmental benefits such as solar power generation.

Sumitomo Mitsui Banking Corporation said in a press release that these days, investors are more focused on companies that contribute positively to both the environment and society due to the recent global trend of “socially responsible investing.”

Through this issuance of green bonds, the company expects to obtain funding from investors with a strong interest in the environment and society in order to finance environment-related businesses where further growth is expected.

The company also said that it has been engaged in environmental businesses such as the Environmental Assessment Loan Program and project finance deals including renewable energy projects across the globe.

List of country news

Country news

  • October 14, 2015

    Canadian Solar signs agreement in Japan for 47 MW solar plant

    Canadian Solar Inc. announced yesterday that it signed an agreement with Mashiki Town and Kumamoto Prefecture to build a 47.0 MWp solar power plant. Once completed, the Mashiki solar power plant will be the largest solar plant in Kumamoto Prefecture. Read more
  • October 13, 2015

    Japan’s 115 MW solar plant connected to the grid

    Japan’s Eurus Energy Holdings Corp has announced the beginning of commercial operations of its 115-MW solar farm on Japan’s Honshu island. Read more
  • October 09, 2015

    Japan's SB Energy Corporation to build 14MW solar PV farm in Japan

    Japanese renewable energy firm SB Energy Corporation said last week it will install a 13.9 MW photovoltaic (PV) solar power plant in the city of Nasushiobara, in the Tochigi Prefecture of Japan. Read more
  • October 06, 2015

    Sumitomo Corporation announces 50MW biomass project

    Sumitomo Corporation will construct a 50 MW wood biomass power plant in Sakata City, Yamagata Prefecture (Japan) through Summit Energy Corporation, a power producer and supplier wholly owned by Sumitomo Corporation. Read more
  • October 02, 2015

    First Solar gets loan facility to finance solar PV projects in Japan

    Mizuho Bank has extended a low interest construction loan facility of up to US$33 Million in Japan to First Solar Japan GK to develop utility-scale solar power plants. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.