Development Bank of Japan issues sustainability bond

The Development Bank of Japan has issued a $520 million sustainability bond.

The net proceeds of DBJ's seventh sustainability bond, or an amount equivalent to the net proceeds, will be allocated exclusively to finance or refinance existing and/or future projects or businesses under the lender's Sustainability Bond Framework.

This is DBJ's first three-year USD denominated benchmark issuance, first time to issue the second SRI bond within a fiscal year, and also the development bank's inaugural SRI bond in 144A/Reg.S format. The issuance carries a coupon of 0.500%.