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Driven by high demand, Japan witnessed its biggest digital corporate bond issuance. What Happened: Hitachi (OTCMKTS: HTHIY) issued the five-year green bonds with a coupon rate of 0.598%, Bloomberg reported. Nippon Life Insurance revealed that it purchased half of the $68 million offering. The bond issuance is the second one targeting corporates after the Japan Exchange Group launched ¥500 million in digital bonds in June 2022. Emiri Matsuo of Hitachi’s treasury division financing department said that life insurers, central public institutions, and other corporates also acquired the securities….

Newskey