Issuance of unsecured straight bonds
June 12, 2020
Asahi Kasei Corp.
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.
| 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 | |||
| Interest rate: | 0.120% per annum | 0.010% per annum | 0.280% per annum | |
| Issue price: | 100 yen per face value of 100 yen | |||
| Redemption price: | 100 yen per face value of 100 yen | |||
| Term and redemption method | Maturity date: | June 19, 2025 | June 19, 2023 | June 19, 2030 |
| Redemption: | Bullet | |||
| 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 | |||
| Interest payment dates: | June 19 and December 19 of each year | |||
| Offering period: | June 12, 2020 | |||
| Payment date: | 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 | |||
| Fiscal covenants: | 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. | |||
| 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. |
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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.
- Green bond investors:
- The following investors have declared their intention to invest in our green bond.
(Japanese alphabetical order, as of June 12, 2020)- The Aichi Bank, Ltd.
- Asset Management One Co., Ltd.
- The Bank of Iwate, Ltd.
- THE OITA BANK, LTD.
- The 77 Bank, Ltd.
- SHINONOME SHINKIN BANK
- THE JUROKU BANK,LTD
- SUMITOMO LIFE INSURANCE COMPANY
- Daitokyo Shinkumi Credit Cooperative
- TAKAYAMASHINKIN BANK
- Tokio Marine Asset Managemant Co., Ltd
- Tokio Marine & Nichido Fire Insurance Co., Ltd.
- The Doshisha
- TONO SHINKIN BANK
- The Toa Reinsurance Company, Limited
- GAKKOHOJIN NAKAMURASANGYOGAKUEN
- Nippon Life Insurance Company
- NOBEOKA SHINKIN BANK
- Hanno-Shinkin Bank
- THE HIGASHI‐NIPPON BANK,LIMITED
- FUKUSHIMA SHINKIN BANK
- Sumitomo Mitsui Trust Asset Management Co., Ltd.
- Mitsubishi UFJ Trust and Banking Corporation
- Miyazaki Taiyo Bank