Oil Major Plans First for ESG Bonds in Japan With Rare Structure

  • Refiner Eneos Holdings plans to sell transition-linked bonds
  • ESG debt sales globally have climbed to trillions of dollars
Lock
This article is for subscribers only.

A Japanese oil refiner is planning to sell a climate-friendly bond that combines elements of two existing ESG debt structures, in what would be a first in the nation.

Eneos Holdings Inc.Bloomberg Terminal said Friday that it intends to sell 100 billion yen ($777 million) of transition-linked notes, which are a mix of so-called transition bonds and sustainability-linked notes.