In Tokyo, world's first sovereign transition bonds make their debut

In Tokyo, world’s first sovereign transition bonds make their debut

By Junko Fujita TOKYO (Reuters) – In a world first, Japan auctioned sovereign climate transition bonds on Wednesday although the bonds met with slightly weaker-than-expected demand. Climate transition bonds are a relatively new class of bonds which aim to fund shifts by companies, or in this case a government, to having a lesser impact on the environment. They are distinct from green bonds where the proceeds are earmarked for a specific proj…

In Tokyo, world's first sovereign transition bonds make their debut

TOKYO : In a world first, Japan auctioned sovereign climate transition bonds on Wednesday although the bonds met with slightly weaker-than-expected demand.Climate transition bonds are a relatively new class of bonds which aim to fund shifts by companies, or in this case a government, to having a lesser im