28/08/2025
3 minute read
Japan’s electric utilities may be turning to the dollar green bond market to finance their re-embrace of nuclear power.
Hokkaido Electric Power Company (HOKKEL) is leading the charge. In a first-of-its-kind move, HOKKEL issued a 5-year, $500 million green bond to support the restart of nuclear generation at its Tomari plant. The revival could displace up to 79% of the thermal power generated in the region.
The new deal may herald a flood of international green capital into Japan’s utility sector as issuers look beyond domestic markets for support. While the pricing of the HOKKEL issuance does not point to a clear “greenium”, the book coverage ratio was strong, indicating robust demand.
Japan electric companies’ loss of special debt provisions has funding ramifications
Japan’s top nuclear energy producer returns to USD market
Australian oil & gas company misses emissions reduction target
A pointed review of a new paper critiquing the value of green bonds.
Italian crossover issuer debuts SLB with stronger relative book cover than its vanilla issuance in March.
A report covering JBIC's recent loan facility to a key Russian oil company.
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