Press Releases
Issuance of unsecured straight bonds
November 29, 2018
Asahi Kasei Corp.
Asahi Kasei has today determined the terms of the ninth series unsecured straight bonds (with inter-bond pari passu clause) as follows.
- 1.
- Total amount of issue
- 20 billion yen
- 2.
- Denomination
- 100 million yen
- 3.
- Interest rate
- 0.100% per annum
- 4.
- Issue price
- 100 yen per face value of 100 yen
- 5.
- Redemption price
- 100 yen per face value of 100 yen
- 6.
- Term and redemption method
- i.Maturity date
- December 6, 2023
- ii.Redemption
- Bullet
- iii.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
- 7.
- Interest payment dates
- June 6 and December 6 of each year
- 8.
- Offering period
- November 29, 2018
- 9.
- Payment date
- December 6, 2018
- 10.
- 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
- 11.
- Fiscal covenants
- Negative pledge clause is attached
- 12.
- Underwriters
- Daiwa Securities Co., Ltd., Nomura Securities Co., Ltd., Mizuho Securities Co., Ltd., SMBC Nikko Securities Inc., and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
- 13.
- Fiscal agent
- Sumitomo Mitsui Banking Corporation.
- 14.
- Book-entry transfer institution
- Japan Securities Depository Center, Inc.
- 15.
- 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.
- 16.
- Ratings
- “AA-” from Rating and Investment Information, Inc. and “AA” from Japan Credit Rating Agency, Ltd.