Mizuho Financial Group issues $817m green bond

Funds raised will be used to finance green projects, the group announced.

Mizuho Financial Group has issued €750m green bond (approximately $817m) priced at 4.608% with the maturity date set for 26 August 2030.

Funds raised will be used by Mizuho Bank to finance environmentally friendly projects, including renewable energy, the group said in a statement.

The green bond serves as a portion of funds that Mizuho has sworn to allot for environment and climate change-related finance, the group said in a statement.

Mizuho Financial Group had earlier set a sustainable finance target of JPY100t, of which half are for environment and climate-change related finance.

“At Mizuho, we are strengthening our initiatives to realize a sustainable society. We make challenges for SX (Sustainability Transformation) with our customers by providing not only sustainable finance to create money flow to solve environmental and social issues but also solutions leveraging our knowledge and capabilities beyond financings,” the group said in a statement announcing the bond.

(US$1 = €0.92)