Press Release
Chubu Electric Power’s Second Green Bond Issue
April 15, 2022
Chubu Electric Power Co.,Inc.
From the standpoint of promoting initiatives to realize a carbon-free society and diversify financing, Chubu Electric Power has decided to issue the second Chubu Electric Power Green Bonds ("these bond issues") in May 2022. These debt securities limit use of procured financing to development of renewable energies and other environmental improvement projects.
Chubu Electric Power Group has set a goal of developing a minimum of 3.2 million kW of renewable energy by approximately the year 2030. Financing obtained through these bond issues will be used for renewable energy development, construction, operation and renovation.
For these bond issues, we have received evaluations from DNV Business Assurance Japan K.K., a third-party evaluation agency, to ensure compliance with various standards of green bond issuances.
The Group intends to grow sustainably together with all of our stakeholders as well as improve corporate value, while at the same time enhancing ESG management and contributing to achieving the SDGs.
[Overview of the Second Chubu Electric Power Green Bond (Tentative)]
|
Amount issued |
20 billion yen |
|---|---|
|
Term |
10 years |
|
Issue date |
May 2022 |
|
Lead underwriters |
Mizuho Securities Co., Ltd. (administration), Nomura Securities Co., Ltd., |
More specific details will be announced after they have been finalized.