MUFG to issue publicly offered unsecured Green Bond in Japan
Mitsubishi UFJ Financial Group has decided to issue the “Mitsubishi UFJ Financial Group, Inc. 14th series unsecured bond with callable clauses (no collateral provision restrictions or other financial covenants)”, the proceeds of which are to fund the construction of the new MUFG Headquarters Building.
Background
MUFG published its Green Finance Framework related to funding for the construction of the MUFG HQ Building in March 2024. MUFG has obtained a second party opinion from the Japan Credit Rating Agency on the Framework confirming its alignment with the Green Bond Principles published in 2021 by the International Capital Market Association, as well as the Green Loan Principles published in 2023 by the Loan Market Association, the Asia-Pacific Loan Market Association, and the Loan Syndications and Trading Association.
Objective and overview
The funds sourced via the issuance of the Green Bond are planned for allocation to the construction of the MUFG HQ Building through loans to MUFG Bank, a wholly owned subsidiary of MUFG.
MUFG intends for the MUFG HQ Building to obtain various sustainability-related certifications, such as LEED, and its architectural plan actively contributes to achieving a sustainable society and decreasing the burden on the environment in line with the UN Sustainable Development Goals and Japan’s 2050 target for achieving carbon neutrality.
The MUFG HQ Building is to serve as the symbol of an MUFG that is open and connects with all stakeholders, based on our purpose of being “Committed to empowering a brighter future.”
MUFG will continue to support customers, communities, society, and all stakeholders as one Group through the issuance of the Green Bond and the construction of the MUFG HQ Building, which aspires to actively contribute to realizing a sustainable society and mitigating environmental impacts.
Issuance Details
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