Japan’s Marui plans ¥10 billion of five-year green bonds in October

By Susanna Moon

Chicago, Oct. 8 – Marui Group Co., Ltd. said it plans to price ¥10 billion of five-year green bonds in October.

Proceeds will be used to source 100% of electricity from renewable power sources, for the reduction of GHG emissions and for renewable power generation.

The lead managers are Nomura Securities Co., Ltd., MUFG and Morgan Stanley Securities Co., Ltd. The green bond structuring agents are MUFG and Morgan Stanley Securities.

“Marui Group practices forward-looking co-creation sustainability management, an approach that merges its business, environmental, social issue response and corporate governance initiatives in an integrated manner,” according to an announcement.

“In conjunction with the adoption of this new approach, we also redefined the focus of our business from serving all customers to promoting inclusion. This redefinition was accompanied by the establishment of four core themes related to inclusion that are also based on the United Nations Sustainable Development Goals.”

Marui is a retail company based in Tokyo.

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