Viability test looms for sustainability-linked bonds

Sustainability-linked bond sales in Japan have already hit a record 275 billion yen (US$1.7bil) for the year so far. — Bloomberg

TOKYO: Scrutiny of environmental progress at Japanese businesses is rising as assessment dates loom for sustainability-linked bonds that have been issued by many companies.

Fuyo General Lease Co is one such firm. The auto and airline leasing company will measure its progress in meeting targets on its sustainability bonds at the end of July, and if it misses a key metric it may have to pay a higher coupon.