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MUFG floats Japan's first green bonds in Aussie dollars

$337m issuance to fund low-carbon buildings and renewables

A solar array farm in Queensland, Australia. MUFG will use proceeds of the bond sale to finance green projects.   © Reuters

TOKYO -- Mitsubishi UFJ Financial Group has become the first Japanese financial institution to issue green bonds denominated in Australian dollars, hoping to attract the Pacific country's more environmentally conscious investors.

MUFG issued a total of AU$500 million ($337 million) in fixed- and floating-rate bonds. The maturity was set at five years.

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