13.07.2015, 10:35
Dai-ichi Life Invests in EYE Bonds Issued by the IDB
OREANDA-NEWS. The Dai
-
ichi
Life Insurance Company, Limited (the “Company”;
President: Koichiro Watanabe)
has purchased \\$
5
0 million of
EYE
bonds issued by
the
Inter
-
American
Development Bank (“IDB” or “IADB”),
, the regional multilateral development institution for Latin America and
the Caribbean, becoming the
sole
investor to support I
DB
’s
EYE
bond program.
E
YE
stands for E
ducation
,
Youth
and
Employment.
The IDB EYE Bonds seek to foster human capital developm ent through early childhood coverage and support of youth education from the classroom to the workplace. Funds raised will finance projects in Latin America and the Caribbean that provide childhood care and education and facilitate access to jobs for young people. IDB launched its first issuance under the EYE Bond program in 2014.
The IDB is a multilateral development bank focused on the economic and social development of Latin America and the Caribbean. The IDB helps to improve lives in the region through financial and technical support. The IDB conducts extensive research and provides loans, grants, and technical assistance to its member countries.
“Dai - ichi Life follows investment principles that combine attractive investment opportunities with social, environmental, and governance (“ESG”) considerations. We strongly support the IDB’s projects that provide childhood care, education and facilitated access to jobs. Therefore, becoming the sole investor to provide financial support to EYE projects through these Bonds is socially significant for the Company. We also believe the Mexican Peso - denominated bonds offer solid and attractive investment opportun ity,” sai d Kazuyuki Shigemoto, General Manager, Global Fixed Income Investment Department, Dai - ichi Life. “
IDB EYE Bonds help build human capital to improve lives in Latin America and the Caribbean through a life cycle approach focused on three key priority areas – Education, Youth, and Employment. Dai - ichi Life’s endorsement of our first - ever Mexican peso (MXN) denominated EYE Bond shows institutional investor interest in supporting IDB’s projects across the region,” said Laura Fan, the IDB’s Head of Funding.
“Credit Agricole CIB is delighted to have arranged this transaction which underlines the leadership of both Dai ichi Life and the IDB in developing ESG investing in Japan . This trade also highlights the trend of globalization of SRI investments – with a co mmitted Japanese investor lending support through the IDB to Education, youth and employment projects , ” commented Tanguy Claquin, Head of Sustainable Banking, Crédit Agricole CIB.
Crédit Agricole CIB is the sole arranger of the bonds.
As an institution al investor that controls approximately ¥30 trillion in capital, the Company focuses not only on investments with stability and profitability, but also those with benefits for society and the public. With interest in asset management that considers ESG iss ues growing around the world, the Company will continue to actively pursue investments in developing regions and those which follow the Company’s ESG standards.
About Dai - ichi Life
The Dai - ichi Life Insurance Company is a leading life insurance firm based on Japan with assets of more than 35 trillion yen. Since its foundation in 1902, the Dai - ichi Life Group has always put the customer first. The Group contribute s to local communities by passing on peace of mind through providing life insurance, property and casualty insurance, investment trust and related services. The Group will continue to stand by the side of our customers and their loved ones, for life.
About IDB
The Inter - American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long - term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting - edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.
About Crédit Agricole Corporate and In vestment Bank
Crédit Agricole CIB is the Corporate and Investment Banking arm of the Crédit Agricole Group, the world’s No. 8 largest bank by total assets (The Banker, July 2014). The Bank offers its clients a comprehensive range of products and services structured around six major divisions: ・ Client Coverage & International Network ・ Global Investment Banking ・ Structured Finance ・ Global Markets ・ Debt Optimization & Distribution ・ International Trade and Transaction Banking The Bank provides support to clients in large international markets through its network with a presence in major countries in Europe, Americas, Asia Pacific and the Middle East North Africa.
The IDB EYE Bonds seek to foster human capital developm ent through early childhood coverage and support of youth education from the classroom to the workplace. Funds raised will finance projects in Latin America and the Caribbean that provide childhood care and education and facilitate access to jobs for young people. IDB launched its first issuance under the EYE Bond program in 2014.
The IDB is a multilateral development bank focused on the economic and social development of Latin America and the Caribbean. The IDB helps to improve lives in the region through financial and technical support. The IDB conducts extensive research and provides loans, grants, and technical assistance to its member countries.
“Dai - ichi Life follows investment principles that combine attractive investment opportunities with social, environmental, and governance (“ESG”) considerations. We strongly support the IDB’s projects that provide childhood care, education and facilitated access to jobs. Therefore, becoming the sole investor to provide financial support to EYE projects through these Bonds is socially significant for the Company. We also believe the Mexican Peso - denominated bonds offer solid and attractive investment opportun ity,” sai d Kazuyuki Shigemoto, General Manager, Global Fixed Income Investment Department, Dai - ichi Life. “
IDB EYE Bonds help build human capital to improve lives in Latin America and the Caribbean through a life cycle approach focused on three key priority areas – Education, Youth, and Employment. Dai - ichi Life’s endorsement of our first - ever Mexican peso (MXN) denominated EYE Bond shows institutional investor interest in supporting IDB’s projects across the region,” said Laura Fan, the IDB’s Head of Funding.
“Credit Agricole CIB is delighted to have arranged this transaction which underlines the leadership of both Dai ichi Life and the IDB in developing ESG investing in Japan . This trade also highlights the trend of globalization of SRI investments – with a co mmitted Japanese investor lending support through the IDB to Education, youth and employment projects , ” commented Tanguy Claquin, Head of Sustainable Banking, Crédit Agricole CIB.
Crédit Agricole CIB is the sole arranger of the bonds.
As an institution al investor that controls approximately ¥30 trillion in capital, the Company focuses not only on investments with stability and profitability, but also those with benefits for society and the public. With interest in asset management that considers ESG iss ues growing around the world, the Company will continue to actively pursue investments in developing regions and those which follow the Company’s ESG standards.
About Dai - ichi Life
The Dai - ichi Life Insurance Company is a leading life insurance firm based on Japan with assets of more than 35 trillion yen. Since its foundation in 1902, the Dai - ichi Life Group has always put the customer first. The Group contribute s to local communities by passing on peace of mind through providing life insurance, property and casualty insurance, investment trust and related services. The Group will continue to stand by the side of our customers and their loved ones, for life.
About IDB
The Inter - American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long - term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting - edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.
About Crédit Agricole Corporate and In vestment Bank
Crédit Agricole CIB is the Corporate and Investment Banking arm of the Crédit Agricole Group, the world’s No. 8 largest bank by total assets (The Banker, July 2014). The Bank offers its clients a comprehensive range of products and services structured around six major divisions: ・ Client Coverage & International Network ・ Global Investment Banking ・ Structured Finance ・ Global Markets ・ Debt Optimization & Distribution ・ International Trade and Transaction Banking The Bank provides support to clients in large international markets through its network with a presence in major countries in Europe, Americas, Asia Pacific and the Middle East North Africa.
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