According to Bloomberg, Japanese conglomerate Hitachi has successfully issued Japan’s largest digital corporate bond, meeting the market demand for such securities.
Emiri Matsuo, from Hitachi’s Finance Department, stated that the five-year green bond has a coupon rate of 0.598% and a principal amount of 10 billion Japanese yen (approximately $68 million). Nippon Life Insurance has subscribed to half of the bond issuance.
Matsuo mentioned that these digital securities have also been sold to other life insurance companies, government agencies, and other corporations. Furthermore, Hitachi is considering issuing such securities again.
In November, Hitachi announced a collaboration with JPX Market Innovation and Research (a subsidiary of Japan Exchange Group), Nomura Securities, and BOOSTRY to issue “Digital Tracking Green Bonds” using digital technologies such as IoT and blockchain. Digital green bonds aim to improve data transparency and efficiency in data collection for green investments using digital technology.
It is reported that Osaka Digital Exchange, a trading platform composed of traditional Japanese financial giants like SBI Holdings and SMFG, plans to launch its securities token self-trading system START at the end of this month.
Related report: “Hitachi Ventures, a subsidiary of Hitachi, launches a $300 million new fund to invest in the Web3 and Generative AI fields.”