Goldman Sachs to Sell $1 Billion of Japanese Clean Energy Bonds

(Bloomberg) — Goldman Sachs Group Inc. plans to sell $1
billion of Japanese clean energy bonds in the next few years to
provide institutional investors the opportunity to invest in
renewable projects in the Asian nation.

Goldman has set up the Japan Renewable Project Bond Trust
to provide clean energy developers access to “large-scale, more
efficient capital market financings” as an alternative to
loans, the company said in an e-mailed statement.

The trust will initially focus on solar energy projects and
later expand to other types of renewables, according to the
statement.

“We are now able to offer renewable energy companies
attractive rates of capital to fund their growth through the
capital markets,” Toru Inoue, vice president, structured
finance at Goldman Sachs, said in the statement.

To contact the reporter on this story:
Chisaki Watanabe in Tokyo at
cwatanabe5@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Abhay Singh, Amanda Jordan

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