ORIX to Issue the First Green Bond Denominated in EURO to Fund Elawan Acquisition – EQ Mag Pro
TOKYO, Japan : ORIX Corporation (“ORIX”) has decided to issue its first green bond (unsecured debt securities) denominated in Euro on April 13, 2022. The notes will be issued as a green bond solely to fund projects that will satisfy the eligibility criteria of ORIX’s Green Bond Framework.
ORIX has established the Euro MTN Program* as part of its strategy to secure flexibility and diversification of funding sources, and ORIX will raise funds from overseas institutional investors using this program.
1. Overview of the planned debt securities
- Total amount of notes : € 300 million
- Interest rate : 1.919% per annum
- Issue price : 100% of the principal amount
- Payment date : April 20, 2022
- Maturity : April 20, 2026
- Offering type : Offering towards institutional investors in overseas markets such as Europe and Asia based on the Euro MTN program
2. Information concerning the issuance of the notes
1) Use of proceeds
The funds raised by this notes will be used for expenditures related to the acquisition of Elawan Energy, which develops and operates businesses related to “Renewable Energy”, an eligible business area of the Green Bond Framework developed by ORIX.
2) External evaluation by Sustainalytics
For the Green Bond Framework, ORIX obtained a second party opinion from Sustainalytics, a global third
party organization.
ORIX recognizes “material issues and focus areas for mitigating climate risks” as one of the key material issues that will enable ORIX to grow sustainably and is working to resolve these issues on a priority basis. Through the issuance of this notes, ORIX will promote diversification of our fund procurement and contribute towards the realization of a sustainable society through our business activities.
About ORIX:
ORIX Corporation (TSE: 8591; NYSE: IX) is a financial services group which provides innovative products and services to its customers by constantly pursuing new businesses. Established in 1964, from its start in the leasing business, ORIX has advanced into neighboring fields and at present has expanded into lending, investment, life insurance, banking, asset management, automobile related, real estate and environment and energy related businesses. Since entering Hong Kong in 1971, ORIX has spread its businesses globally by establishing locations in 28 countries and regions across the world.
Going forward, ORIX intends to utilize its strengths and expertise, which generate new value, to establish an independent ORIX business model that continues to evolve perpetually. In this way, ORIX will engage in business activities that instill vitality in its companies and workforce, and thereby contribute to society.
