NYK has decided the terms and conditions of the unsecured corporate bonds (transition bonds)* announced on June 23. The company’s 45th and 46th unsecured corporate bonds will total 20 billion yen. (The company had previously announced that only the 45th unsecured corporate bonds would total 20 billion yen.)
Transition Bond Summary
| Name | NYK Unsecured Corporate Bonds No. 45 (Transition Bonds) | NYK Unsecured Corporate Bonds No. 46 (Transition Bonds) |
| Issuance Amount | 10 billion yen | 10 billion yen |
| Maturity | 5 Years | 10 Years |
| Coupon rate | 0.439% per annum | 0.910% per annum |
| Issue Price | 100 yen per 100 yen of each bond | |
| Payment date | July 21, 2023 | |
| Maturity date | July 21, 2028 | July 21, 2033 |
| Principal Payment | Bullet redemption | |
| Bond offering | Public offering | |
| Secured or unsecured | Unsecured | |
| Bond Rating | A+ (Japan Credit Rating Agency) | |
The bonds have been evaluated and provided a second-party opinion by DNV Business Assurance Japan K.K.
95.NYK LINE（2）.pdf (dnv.co.jp)
* Transition Bond
A bond in which the proceeds are used for funding projects that contribute to the company’s long-term transition strategy to reduce greenhouse gas emissions.
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.”
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