On Monday 13 May 2019, the EIB issued a new PLN 1bn Climate Awareness Bond (CAB) due 15-Nov-2029. The bond was priced with a spread of 7bp over the POL GB Oct 2029. The transaction, sized to reflect EIB’s current treasury needs in Polish currency, has been purchased on reverse enquiry by JAPAN POST INSURANCE Co., Ltd., the insurance arm of the Japan Post Group (JPG). JPG has declared its commitment to climate friendly operations, including the purchase of green bonds, in its CSR Basic Policy and Medium-Term Management Plan 2020. Recently, Japan Post Insurance has also announced its decision to support the Recommendations of the Task-Force on Climate-related Financial Disclosures (https://www.jp-life.japanpost.jp/en/news/archives/pdf/pr190422en.pdf ).
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