Kajima to issue ¥10 billion sustainability-linked five-year bonds

By William Gullotti

Buffalo, N.Y., Feb. 10 – Kajima Corp. plans to price ¥10 billion sustainability-linked bonds with a five-year tenor, according to a notice on Thursday.

The issue is scheduled to take place in March.

SMBC Nikko Securities Inc., Daiwa Securities Co., Ltd., Nomura Securities Co., Ltd. and Mizuho Securities Co., Ltd. are the lead managing underwriters for the offering.

Proceeds will be allocated to three projects, focusing on construction finance and refinancing, in accordance to the company’s sustainability bond framework.

The Tokyo-based company is involved in civil engineering, construction and development.

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