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Japan's NTT to issue green bonds worth about US$2.7 billion

Japan's NTT to issue green bonds worth about US$2.7 billion

FILE PHOTO: A Japan yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration

TOKYO :Japanese telecoms giant Nippon Telegraph and Telephone (NTT) plans to issue green bonds worth about 300 billion yen (US$2.7 billion), its financing arm said on Tuesday.

The bonds will include three tranches with maturities of three, five and 10 years and funds will go to environmentally-friendly projects in areas such as renewable energy and energy-efficient broadband infrastructure, NTT Finance said.

Last year, NTT launched Japan's biggest-ever corporate bond sale worth 1 trillion yen.

(US$1=111.1200 yen)

(Reporting by Shinji Kitamura; Editing by Muralikumar Anantharaman and clarence Fernandez)

Source: Reuters

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