Hitachi opens offering of ¥10 billion digitally tracked green bond

Chicago, Dec. 7 – Hitachi Ltd. released the terms of a benchmark digitally tracked green bond for ¥10 billion (A3) which utilizes digital technologies such as IoT and a blockchain platform in a Thursday press release.

The 0.598% bonds due Dec. 14, 2028 will be sold without a discount in a public offering.

The offering period is Dec. 7.

The payment date is Dec. 14.

Nomura Securities Co., Ltd. is the underwriter and the digital structuring agent.

The green bond structuring agent is Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

Mizuho Bank, Ltd. is the fiscal agent.

ibet for Fin is the blockchain platform.

R&I provided a second opinion on the green framework.

Proceeds will be used to refinance construction and refurbishment of the company’s central research laboratory, an energy saving building.

The data and technology company is based in Tokyo.

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