Issuance of unsecured straight bonds
2020-06-12
Asahi Kasei Corp.
secondary

Asahi Kasei has today determined the terms of the thirteenth, fourteenth, and fifteenth series unsecured straight bonds (with inter-bond pari passu clause) as follows.

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13th series(green bond)
14th series
15th series
Total amount of issue:
10 billion yen
20 billion yen
20 billion yen
Denomination:
100 million yen
100 million yen
100 million yen
Interest rate:
0.120% per annum
0.010% per annum
0.280% per annum
Issue price:
100 yen per face value of 100 yen
100 yen per face value of 100 yen
100 yen per face value of 100 yen
Redemption price:
100 yen per face value of 100 yen
100 yen per face value of 100 yen
100 yen per face value of 100 yen
Term and redemption method Maturity date:
June 19, 2025
June 19, 2023
June 19, 2030
Term and redemption method Redemption:
Bullet
Bullet
Bullet
Term and redemption method Retirement by purchase:
The bonds may be repurchased at any time from the day following the payment date except as otherwise specified by the book-entry transfer institution
The bonds may be repurchased at any time from the day following the payment date except as otherwise specified by the book-entry transfer institution
The bonds may be repurchased at any time from the day following the payment date except as otherwise specified by the book-entry transfer institution
Interest payment dates:
June 19 and December 19 of each year
June 19 and December 19 of each year
June 19 and December 19 of each year
Offering period:
June 12, 2020
June 12, 2020
June 12, 2020
Payment date:
June 19, 2020
June 19, 2020
June 19, 2020
Collateral and guarantee:
The bonds are not secured by any collateral or guarantee, and there are no particular assets reserved for the payment of these bonds
The bonds are not secured by any collateral or guarantee, and there are no particular assets reserved for the payment of these bonds
The bonds are not secured by any collateral or guarantee, and there are no particular assets reserved for the payment of these bonds
Fiscal covenants:
Negative pledge clause is attached
Negative pledge clause is attached
Negative pledge clause is attached
Underwriters:
Nomura Securities Co., Ltd.,
Daiwa Securities Co., Ltd.,
Mizuho Securities Co., Ltd.,
SMBC Nikko Securities Inc., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Daiwa Securities Co., Ltd.,
Mizuho Securities Co., Ltd.,
SMBC Nikko Securities Inc., Nomura Securities Co., Ltd.,
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Nomura Securities Co., Ltd.,
SMBC Nikko Securities Inc.,
Mizuho Securities Co., Ltd.,
Daiwa Securities Co., Ltd.,
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Fiscal agent:
Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Banking Corporation
Mizuho Bank, Ltd.
Book-entry transfer institution:
Japan Securities Depository Center, Inc.
Japan Securities Depository Center, Inc.
Japan Securities Depository Center, Inc.
Application of the Act on Book-Entry Transfer of Company Bonds, Shares, etc.:
The Bonds are subject to application of the Act on Book-Entry Transfer of Company Bonds, Shares, etc.
The Bonds are subject to application of the Act on Book-Entry Transfer of Company Bonds, Shares, etc.
The Bonds are subject to application of the Act on Book-Entry Transfer of Company Bonds, Shares, etc.
Ratings:
“AA−” from Rating and Investment Information, Inc.
“AA” from Japan Credit Rating Agency, Ltd.
“AA−” from Rating and Investment Information, Inc.
“AA” from Japan Credit Rating Agency, Ltd.
“AA−” from Rating and Investment Information, Inc.
“AA” from Japan Credit Rating Agency, Ltd.

Regarding the green bond

We will issue the green bond as described in the press release “Asahi Kasei to issue a green bond” issued on May 11, 2020.

Use of proceeds:

Renovation of two of Asahi Kasei's hydroelectric plants, namely the Gokasegawa Plant and the Mamihara Plant.

Conformity assessment:

We obtained a second-party opinion by Sustainalytics, an independent organization, regarding the conformity of our green bond.

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Green bond investors:

The following investors have declared their intention to invest in our green bond.
(Japanese alphabetical order, as of June 12, 2020)

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