Chicago, Sept. 17 – Japan’s Marubeni Corp. sold $500 million of 1.577% green bonds due 2026 (BBB), according to a listing notice and a company announcement.
This is the first dollar-denominated issue of green notes for the company.
Bookrunners for the issue are BofA Securities, Inc., J.P. Morgan Securities LLC and Mizuho Securities USA LLC.
Proceeds will be used to “help solve environmental problems.” Specifically, the company will focus on renewable energy, certified afforestation, magnesium refining and water supply and sewage.
Marubeni is an integrated trading and investment company based in Tokyo.
| Issuer: | Marubeni Corp.
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| Issue: | Green bonds
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| Amount: | $500 million
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| Maturity: | Sept. 17, 2026
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| Bookrunners: | BofA Securities, Inc., J.P. Morgan Securities LLC and Mizuho Securities USA LLC
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| Coupon: | 1.577%
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| Trade date: | Sept. 15
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| Listing date: | Sept. 17
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| Rating: | S&P: BBB
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| ISIN: | XS2387660280
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