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NYK Determines Terms and Conditions of Transition and Green Bonds

NYK has set the terms and conditions of the unsecured corporate bonds (transition bonds and green bonds) announced on April 1.

Transition Bond Summary

Name NYK Unsecured Corporate Bonds No. 47 (Transition Bonds) NYK Unsecured Corporate Bonds No. 48

(Green Bonds)
Issuance amount 150 billion yen 100 billion yen
Maturity 5 Years 10 Years
Coupon rate 0.722% per annum 1.175% per annum
Issue price 100 yen per 100 yen of each bond
Payment date April 17, 2024
Maturity date April 17, 2029 April 17, 2034
Principal payment Bullet redemption
Bond offering Public offering
Secured or unsecured Unsecured
Bond rating AA- (Japan Credit Rating Agency)

In January, prior to the execution of the green/transition financing, NYK obtained a second-party opinion from DNV Business Assurance Japan K.K. regarding NYK’s financial framework. NYK also obtained an annex to the second-party opinion concerning the use of proceeds from transition and green bonds and the eligibility of reporting.

On March 10, 2023, the NYK Group released its medium-term management plan “Sail Green, Drive Transformations 2026 — A Passion for Planetary Wellbeing . ” The NYK Group is promoting growth strategies with ESG at the core, based on the Group’s mission statement of “Bringing value to life” and a new corporate vision for 2030, which reads, “we go beyond the scope of a comprehensive global logistics enterprise to co-create value required for the future by advancing our core business and growing new ones.”

Related Sustainable Domestic Goals (SDGs)

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.