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.