Mizuho Financial Group has issued a green bond valued at EUR500 million ($553.7 million). The funds raised from this issuance will be allocated by Mizuho Bank to support environmentally friendly projects, including renewable energy initiatives, according to a press release on the bank’s website.
The press release said, “In order to increase the financing for the transition to a low-carbon society further, this green bond we have issued serves as a portion of funds for environmental and climate change-related finance and responds to the needs of investors who have a high level of interest in the environmental field.”
The bond carries an interest rate of 3.460% from the issue date until the optional redemption date. After the optional redemption date, the interest rate will be adjusted to the three-month EURIBOR plus 1.049%. The bond was issued on August 27, 2024, with a maturity date of August 27, 2030, and an optional redemption date of August 27, 2029.
This green bond is part of the bank’s broader goal to finance environmental and climate-related projects, contributing to its JPY50 trillion target.