Aug 6, 2022 | Business
Mitsubishi Heavy Industries, Ltd. (MHI) today submitted a revised shelf registration statement to the Kanto Local Finance Bureau in preparation for planned issuance of a transition bond in the Japanese market. The issuance will be undertaken to raise funds for allocation to diverse initiatives toward achieving carbon neutrality.
The planned issuance is based on MHI’s selection as a model example of the “2021 Climate Transition Finance Model Projects” being supported by the Ministry of Economy, Trade and Industry (METI), as announced in the Company’s press release of March 18, 2022. One of the unique features of this model example is that MHI not only plans to achieve emission reduction from the economic activities of itself but also attempts to enable the realization of transition strategies of other parties through its products and services. Through issuance of its first transition bond, MHI looks to diversify its fund procurement methods and achieve its target of carbon neutrality by 2040.
For more information visit https://www.mhi.com/news/22080502.html.
Topic: Press release summary
May 14, 2022 | Business
Government of India (GoI) has announced the Sale (issue/re-issue) of
(i) “5.74% Government Security, 2026” for a notified amount of Rs 9,000 crore (nominal) through price based auction using uniform price method; (ii) ‘‘GoI Floating Rate Bonds, 2034” for a notified amount of Rs 4,000 crore (nominal) through price based auction using uniform price method; (iii) “New Government Security 2036” for a notified amount of Rs 10,000 crore (nominal) through yield based auction using uniform price method and (iv) “6.99% Government Security 2051” for a notified amount of Rs 9,000 crore (nominal) through price based auction using multiple price method. GoI will have the option to retain additional subscription up to Rs 2,000 crore against each security mentioned above. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on May 20, 2022 (Friday).
Up to 5% of the notified amount of the sale of the Securities will be allotted to eligible individuals and institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.
Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on May 20, 2022. The non-competitive bids should be submitted between 10.30 a.m. and 11.00 a.m.and the competitive bids should be submitted between 10.30 a.m. and 11.30 a.m.
The result of the auctions will be announced on May 20, 2022 (Friday) and payment by successful bidders will be on May 23, 2022 (Monday).
The Securities will be eligible for “When Issued” trading in accordance with the guidelines on ‘When Issued transactions in Central Government Securities’ issued by the Reserve Bank of India vide circular No. RBI/2018-19/25 dated July 24, 2018 as amended from time to time.
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RM/MV/KMN
(Release ID: 1825220)
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