NYK Determines Terms And Conditions Of Transition And Green Bonds

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

Transition Bond Summary

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

(Green Bonds)

Issuance amount150 billion yen100 billion yen
Maturity5 Years10 Years
Coupon rate0.722% per annum1.175% per annum
Issue price100 yen per 100 yen of each bond
Payment dateApril 17, 2024
Maturity dateApril 17, 2029April 17, 2034
Principal paymentBullet redemption
Bond offeringPublic offering
Secured or unsecuredUnsecured
Bond ratingAA- (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