Honda Motor Co. will issue US dollar-denominated Green Bonds totaling US$2.75 billion for its initiatives toward the realization of a society that aims for zero environmental impact. The proceeds from the issuance of the Green Bonds will be used exclusively toward environmental initiatives. This will be the first time for Honda Motor to issue Green Bonds.
The bond issue will include three terms to maturity: 3, 5 and 10 years. Honda is issuing $1 billion in 3-year notes; $1 billion in 5-year notes; and $750 million in 10-year notes.
For the issuance of these Green Bonds, Honda has developed a Sustainable Finance Framework and obtained a Second Party Opinion from Vigeo Eiris, an independent entity, that the Framework is aligned with the Green Bond Principles 2021, the Social Bond Principles 2021, and the Sustainability Bond Guidelines 2021 as administered by the International Capital Market Association.