#Japan #Daiwa Securities #Shiga #Shiga Prefecture #Gender Equality Bonds

Shiga Prefecture Gender Equality Bonds: A New Initiative

The upcoming issuance of the Shiga Prefecture Gender Equality Bonds, which is set to launch in June 2023, represents a significant step towards promoting gender equality in Japan. The bonds, known as sustainability-linked bonds, are being made available through Daiwa Securities at various locations, including three branches within Shiga Prefecture and nationwide.

This initiative aims to engage corporate investors, with a minimum purchase amount set at 10 million yen. In addition to buying the bonds, which signal an investment in gender equality, purchasing entities will also have the opportunity to express their support publicly. The names of these investing corporations will be featured on Shiga Prefecture's website, adding visibility to their contributions toward social change.

The Shiga Prefecture government, under the leadership of Governor Taizo Mikazuki, is setting ambitious targets tied to this bond issuance. This includes the certification of businesses that promote women's active roles within their organizations, as outlined in the 'Partnership Shiga Plan 2030.' The ultimate goal is to foster a supportive environment for women in the workplace, thereby advancing gender equality across the region.

Details of the Gender Equality Bonds

The Shiga Prefecture Gender Equality Bonds, also referred to as the 4th Sustainability-Linked Bond, is structured to last for five years, with an estimated total issuance amount of around 5 billion yen. The bonds are exclusively available to corporate investors, indicating a focused strategy towards enterprise-level engagement in societal issues.

The main underwriting companies for these bonds are Mitsubishi UFJ Morgan Stanley Securities and Daiwa Securities. Notably, Shiga Prefecture is the only local government in Japan to offer such sustainability-linked bonds, highlighting its pioneering approach to promoting both social impact and investment opportunities.

Furthermore, a framework assessing the bonds' sustainability impact has received an external evaluation from Japan Credit Rating Agency (JCR), ensuring that clear objectives and measurements are set in place.

Engaging Investors and Building Community

Investing in the Shiga Prefecture Gender Equality Bonds not only provides a potential financial return for corporate investors but also acts as a catalyst for broader societal engagement. The funds raised through this bond issuance will directly support initiatives aimed at increasing the number of certified businesses promoting women's active participation in various sectors.

This initiative underlines the importance of corporate responsibility and social impact investing, empowering companies to align their financial activities with their values. By joining this program, businesses can take an active role in fostering a society that values and promotes gender equality, with tangible impacts reflected over the bond's duration.

Conclusion

As the June issuance approaches, now is the time for corporate investors to consider participating in this forward-thinking initiative. The Shiga Prefecture Gender Equality Bonds signify a commitment not only to progressive social values but also to robust investment opportunities. For more details and inquiries about bond purchases, investors are encouraged to reach out to the nearest Daiwa Securities office.

This bond issue is more than just an investment; it is a pledge towards a more equitable future, showcasing how financial instruments can be harnessed to drive social change. The engagement of corporate entities in this effort is crucial, as it significantly contributes to the broader objectives of gender equality in Japan.

For further information, interested parties can refer to the relevant sections on the Shiga Prefecture website about the Partnership Shiga Plan 2030 and the Gender Equality Certification System for businesses.