Japanese shipping giant NYK is to offer shipping's first green bonds.
The company said it will fund eco-vessels and environmental projects with the JPY 10bn ($93.34m) proceeds from the unsecured issue, which will be sold publicly in Japan next month.
"NYK plans to use the net proceeds of the green bonds to expand the company’s resources for the procurement of funds, as well as keep a wide range of stakeholders involved in the company’s proactive approach to environmental investment," it said.
