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Nomura Leads Green Bond Offering for Osaka City Government
January 26, 2023
Nomura Securities Co., Ltd.
Tokyo, January 26, 2023 - Nomura Securities Co., Ltd., a wholly owned subsidiary of Nomura Holdings, Inc., today announced that it has priced a Green Bond1 offering for the Osaka City Government. Nomura acted as bookrunner for the offering, which is valued at five billion yen.
Osaka City has the vision to be an "environmentally advanced city that contributes to the achievement of the SDGs." The city is promoting a wide range of measures aimed at achieving both environmental conservation and economic development.
By enhancing its financial functions, Osaka City strives to become a global financial city with its own unique characteristics and functions and a new pillar of economic growth for Osaka and the wider Kansai region in the post Covid-19 era. By issuing green bonds, the city will also promote the SDGs through its financial initiatives.
As part of its efforts to Drive Sustainability, Nomura is actively working through its ESG and SDG activities to help create a more sustainable world and resolve issues affecting society. By underwriting SDG bonds such as green bonds, social bonds and sustainability bonds, Nomura serves as a bridge between investors who want to contribute to society and projects with capital needs that aim to resolve social issues such as climate change.
Nomura will continue to promote initiatives to achieve the SDGs and contribute to economic and sustainable social development, while contributing to the growth of Japan’s SDG bond market.
1 Green bonds are any type of bond instrument where the proceeds will be exclusively applied to finance eligible Green Projects. Osaka City Government’s green bonds have received a Second-Party Opinion from Rating & Investment Information, Inc., an international ESG ratings agency, to ensure the bonds conform to the 2021 Green Bond Principles by the International Capital Market Association (ICMA) and the 2020 Green Bond Guidelines by the Ministry of the Environment, Japan.
Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Investment Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.