Nov. 28, 2025
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NYK Determines Terms and Conditions for Floating and Fixed Rate Transition Bonds
NYK Line has set the terms and conditions of the unsecured corporate bonds (transition bonds, No. 50 and No. 51) announced on November 12.
Transition Bond Summary (Floating Rate Bond)
| Name | NYK Unsecured Corporate Bonds No. 50 (Transition Bonds) |
| Issuance amount | 13 billion yen |
| Maturity | 5 Years |
| Interest rate type | Floating rate |
| Coupon rate | TONA + 0.42% |
| Issue price | 100 yen per 100 yen of each bond |
| Payment date | December 4, 2025 |
| Maturity date | December 4, 2030 |
| Principal payment | Bullet redemption |
| Bond offering | Public offering |
| Secured or unsecured | Unsecured |
| Lead managers | Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Nomura Securities Co., Ltd., SMBC Nikko Securities Inc., Mizuho Securities Co., Ltd. |
| Structuring agent | Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. |
| Bond rating | AA- (Japan Credit Rating Agency) |
Transition Bond Summary (Fixed Rate Bond)
| Name | NYK Unsecured Corporate Bonds No. 51 (Transition Bonds) |
| Issuance amount | 14 billion yen |
| Maturity | 5 Years |
| Interest rate type | Fixed Rate |
| Coupon rate | 1.691% per annum |
| Issue price | 100 yen per 100 yen of each bond |
| Payment date | December 4, 2025 |
| Maturity date | December 4, 2030 |
| Principal payment | Bullet redemption |
| Bond offering | Public offering |
| Secured or unsecured | Unsecured |
| Lead managers | Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Nomura Securities Co., Ltd., SMBC Nikko Securities Inc., Daiwa Securities Co., Ltd. |
| Structuring agent | Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. |
| Bond rating | AA- (Japan Credit Rating Agency) |
Prior to the execution of the transition financing, NYK obtained a second-party opinion from DNV regarding NYK’s financial framework.
Our Framework and External Evaluation
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.