ITOCHU Announces Issuance of USD-Denominated Senior Unsecured SDGs Bonds
March 24, 2021
ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Yoshihisa Suzuki, President & COO; hereinafter “ITOCHU”) announced that it has decided to issue US$500Million Senior Unsecured Bonds due 2026 to raise funds for projects that contribute to SDGs (the “SDGs Bonds”).
ITOCHU Group, conducting business globally under the spirit of “Sampo-yoshi”, the management philosophy of merchants in the Ohmi province of Japan (present-day Shiga Prefecture) which is our Corporate Mission, considers that addressing global environmental and social issues is one of the top priorities in its management policy.
We contribute to the realization of a sustainable society based on The ITOCHU Group Code of Ethical Conduct, in order to achieve the goals of The ITOCHU Group Corporate Guideline of Conduct, “I am One with Infinite Missions.”
ITOCHU also has set the basic policy “Enhancing our contribution to and engagement with the SDGs through business activities” in the “FY2022-2024 Outline of Medium-Term Management Plan” announced on January 13th, 2021. Through business activities, ITOCHU will contribute to the achievement of SDGs in such ways as maintaining the foundations of everyday life and protecting environment.
The purpose of issuing the SDGs Bonds is to make the policy of ITOCHU known to various stakeholders and to promote such efforts about SDGs.
To issue the SDGs Bonds, ITOCHU has established the SDGs Bond Framework in alignment with the Green Bond Principles, 2018, the Social Bond Principles, 2020 and the Sustainability Bond Guidelines, 2018 as administered by ICMA (the International Capital Market Association). And it has obtained an external evaluation (second party opinion) from Vigeo Eiris for the conformity of our Framework with principles such as the Sustainability Bond Guidelines.
This press release has been prepared for the sole purpose of publicly announcing the issue the SDGs Bonds, and not for the purpose of soliciting investment or engaging in any other similar activities within or outside Japan. This press release is not an offer of securities for sale in the United States. The SDGs Bonds referred to above have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or any relevant securities law of any state, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the Securities Act) absent registration or an exemption from the registration requirements under the Securities Act. No public offering of the SDGs Bonds will be made in the United States or any other jurisdiction