Hitachi - 10B JPY Token

Overview

Hitachi, Ltd. ("Hitachi"), JPX Market Innovation & Research, Inc. ("JPXI"), Nomura Securities Co., Ltd. ("Nomura"), and BOOSTRY Co., Ltd. ("BOOSTRY"), are cooperating with Hitachi toward its issuance of a "Digitally Tracked Green Bond" ("digital green bond") utilizing digital technologies such as IoT and a blockchain platform.

Issuer(s): Hitachi, Ltd.
Underwriter(s): Nomura Securities
Fiscal Agent and Administrator of bond registry: Mizuho Bank.
Issuer(s): Hitachi, Ltd.
Date: 12/14/2023
Country/Jurisdiction: Japan
Size (Native Currency): 10B JPY
Size (USD): $69M
Length: 5 Years
Coupon: 0.598% per annum
Coupon Payment Dates: June 14 and December 14 of each year

Hitachi plans to allocate the funds raised through the issuance of the digital green bond as its effort to achieve carbon neutrality by FY2030 at business sites (factories and offices) to refinance expenditures of the construction and refurbishment of Kyoso-to of the Central Research Laboratory (energy saving building), which was completed in March 2019 and achieved carbon neutrality in FY2021.