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, before 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.
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Source: NYK
