KYSEY - Kyushu Electric Raises $191M With Japan's First Nuclear-Focused Environmental Bond | Benzinga
Japan’s Kyushu Electric Power Co. (OTC:KYSEY) has successfully raised ¥30 billion ($191 million) from Japan’s inaugural environmental bond designated solely for nuclear projects, marking a significant milestone for the nuclear energy sector in the country.
What Happened: The power company, headquartered in Japan’s southernmost major island, priced a dual-tranche transition bond on Tuesday, Bloomberg reported. The funds are intended to refinance investments in nuclear-related projects, including existing emergency response centers for potential incidents like plane crashes or terrorist attacks.
This issuance follows Japan’s commitment to achieving carbon neutrality by 2050, which has enhanced the appeal of nuclear energy. Despite the ongoing challenge of identifying ...