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Terms and Conditions of NYK’s Green Bonds Determined

May 18, 2018

Today, NYK announced that it has determined the below terms and conditions for the issuance of its 40th corporate debenture bonds, unsecured straight bonds.



40th Issuance of Corporate Debenture Bonds (NYK green bond)

Bond name

 

Nippon Yusen Kaisha 40th Issuance of Corporate Debenture Bonds (with inter-bond pari passu clause)

Issue Amount

 

10 billion yen

Maturity

 

5 years

Coupon rate

 

0.290% per annum

Amount to be paid

 

100 yen per 100-yen corporate debenture bond

Payment date

 

May 24, 2018

Maturity date

 

May 24, 2023

Payment method

 

Bullet maturity (depreciable by purchase)

Subscription method

 

Open invitation

Secured or unsecured

 

Unsecured

Bond rating

 

A  (Japan Credit Rating Agency, Ltd.)


In April and early May, NYK announced its intention to issue green bonds and the efforts being made to ensure transparency. (See press releases below.)

In accordance with the new medium-term management plan “Staying Ahead 2022 with Digitalization and Green” that NYK announced in March, the company aims to integrate environmental, social, and governance (ESG) principles into management strategies to contribute to the sustainable development of society and enrichment of the company’s corporate value.


* Green bond
A bond whose proceeds are used solely for the purpose of funding environment-friendly projects. For more information about NYK’s green bonds, please visit the website below.
NYK Website: http://www.nyk.com/english/csr/envi/manage/greenbond.html

- Reference
Announcement on April 17, 2018, “NYK to Issue Green Bonds,”
http://www.nyk.com/english/news/2018/1190457_1687.html
Announcement on May 8, 2018, “NYK Received a Second-party Opinion and MOEJ's confirmation,” http://www.nyk.com/english/news/2018/1190556_1687.html


This press release has been prepared for the sole purpose of publicly announcing the Company’s issuance of the Bonds, and not for the purpose of soliciting investment or engaging in any other similar activities within or outside Japan.

 

The news on this website is as of the date announced and may change without notice.