By Lisa Kerner
Charlotte, N.C., Oct. 16 – Development Bank of Japan Inc. priced a €300 million of 0.375% green bonds at 99.64 to yield 0.466%, according to a company announcement.
The senior notes, series 56, priced on Friday and mature on Oct. 21, 2019.
Proceeds will be used to finance or refinance eligible loans. To be eligible, a loan must qualify as an environmentally rated loan program or finance a building that will receive green building certification.
The offering is the bank’s second green bond. It previously priced €250 million of green bonds in October 2014.
The financial services and investment company is based in Tokyo.
| Issuer: | Development Bank of Japan Inc.
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| Issue: | Senior notes, series 56, green bonds
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| Amount: | €300 million
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| Maturity: | Oct. 21, 2019
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| Coupon: | 0.375%
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| Price: | 99.64
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| Call: | Non-callable
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| Ratings: | Moody’s: A1
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| Standard & Poor’s: A
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| Distribution: | Regulation S
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| Pricing date: | Oct. 16
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| Settlement date: | Oct. 21
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