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
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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. 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.