Mizuho Bank, Ltd. (President & CEO: Koji Fujiwara) served as the arranger for a syndicated Mizuho Eco Finance* deal providing financing to Taisei Corporation (President & CEO: Yoshiyuki Murata), and the related parties concluded an agreement on September 26, 2019. This is the first case of syndicated financing support provided via Mizuho Eco Finance.
Mizuho Eco Finance is an environmental evaluation and financing product designed to allow us to work together with clients toward a low-carbon society. Through this product, Mizuho provides financing to clients who meet a certain minimum score based on our scoring system, which utilizes an environmental assessment model developed by Mizuho Information & Research Institute, Inc. to evaluate client initiatives and benchmarks via a globally accepted environmental verification and evaluation program.
Addressing climate change is becoming increasingly important, and through this syndicated Mizuho Eco Finance deal Mizuho, along with the other participating financial institutions, will provide financial support for Taisei Corporation’s efforts to combat climate change.
At Mizuho, we are working to further incorporate sustainability initiatives into our business strategy and strengthen our group–wide framework for promoting sustainability. We will draw on our insight as a financial services group to proactively provide a wide range of solutions, including providing capital raising support to businesses that are contributing to the achievement of the Sustainable Development Goals.
*See our press release dated June 28, 2019: “Announcing the launch of Mizuho Eco Finance”
Borrower: Taisei Corporation
Lenders: Mizuho Bank, The 77 Bank, The Shinkumi Federation Bank, and Ashikaga Bank
Contract date: September 26, 2019
Planned effective date: September 30, 2019
Structure: See below