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Japan's Hulic to issue unique environment-related corporate bonds

If issuer does not meet environmental goals, yields will rise

Hulic's new corporate bonds will be the first of their kind in line with the environmental, social and corporate governance funding framework. (Photo by Tokuyuki Matsubuchi)

TOKYO -- Major Japanese property company Hulic plans to issue unique corporate bonds as early as October in accordance with the international framework for funding related to environmental, social and corporate governance. 

The yields on the new corporate bonds will rise if environment-related goals are not met. The new corporate bonds will be the first of their kind in line with the ESG funding framework. 

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