Issuance of unsecured straight bonds
November 29, 2023
Asahi Kasei Corp.
Asahi Kasei has today determined the terms of the 22nd, 23rd (green bond), 24th, and 25th series unsecured straight bonds (with inter-bond pari passu clause) as follows.
| 22nd series | 23rd series (green bond) |
24th series | 25th series | ||
|---|---|---|---|---|---|
| Total amount of issue: | 10 billion yen | 20 billion yen | 10 billion yen | 20 billion yen | |
| Denomination: | 100 million yen | ||||
| Interest rate (per annum): | 0.400% | 0.548% | 0.869% | 1.232% | |
| 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: | December 4, 2026 | December 5, 2028 | December 5, 2030 | December 5, 2033 |
| 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 5 and December 5 of each year | ||||
| Offering period: | November 29, 2023 | ||||
| Payment date: | December 5, 2023 | ||||
| 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: | Mizuho Securities Co., Ltd., Nomura Securities Co., Ltd., Daiwa Securities Co., Ltd., SMBC Nikko Securities Inc., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. |
Daiwa Securities Co., Ltd., Nomura Securities Co., Ltd., Mizuho Securities Co., Ltd., SMBC Nikko Securities Inc., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. |
Daiwa Securities Co., Ltd., Nomura Securities Co., Ltd., Mizuho Securities Co., Ltd., SMBC Nikko Securities Inc., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. |
Nomura Securities Co., Ltd., Daiwa Securities Co., Ltd., Mizuho Securities Co., Ltd., SMBC Nikko Securities Inc., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. |
|
| Fiscal agent: | Sumitomo Mitsui Banking Corporation | Sumitomo Mitsui Banking Corporation | Sumitomo Mitsui Banking Corporation | Sumitomo Mitsui Banking Corporation | |
| 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 November 1, 2023.
- Use of proceeds:
- Renovation of five of Asahi Kasei’s nine hydroelectric power plants located in Kyushu: the Gokasegawa Plant, Mamihara Plant, Suigasaki Plant, First Kawabashirigawa Plant, and Second Kawabashirigawa Plant.
- Conformity assessment:
- We obtained a second-party opinion by Rating and Investment Information, Inc. (R&I), an independent organization, indicating that our green bond conforms with the Green Bond Principles 2021 of ICMA and with the Green Bond Guidelines 2022 of Japan’s Ministry of the Environment.
- Green bond investors:
- The following investors have declared their intention to invest in our green bond.
(Japanese alphabetical order, as of November 29, 2023)- AKAGI SHINYO KUMIAI
- The Awa Bank, Ltd.
- Ishikawa Credit Federations of Agricultural Cooperatives
- The Osaka City Shinkin Bank
- KAGOSHIMA PREFECTURAL CREDIT FEDERATION OF AGRICULTURAL COOPERATIVES
- THE KANAGAWA BANK, LTD.
- The Kyoto Chuo Shinkin Bank
- KOITO MANUFACTURING CO., LTD.
- THE SAIKYO BANK, LTD.
- Saitama Medical University
- Shigaken Shinyou Nogyo Kyodo Kumiai Rengokai
- The Shizuoka Bank, Ltd.
- Shizuoka Prefectural Credit Federation of Agricultural Cooperatives
- Shizuoka Labour Bank
- Jissen Women's Educational Institute
- Shimada Kakegawa Shinkin Bank
- The Johnan Shinkin Bank
- Sony Bank Inc.
- CHITA SHINKIN BANK
- Tokyotoshokushin Credit Cooperative
- Nakanogou Credit Cooperative
- THE NISHIO SHINKIN BANK
- The Promotion and Mutual Aid Corporation for Private Schools of Japan
- Banshu Shinkin Bank
- Hiratsuka SHINKIN BANK
- THE FUJI SHINKIN BANK
- North Pacific Bank, Ltd.
- MAX CO., LTD.
- Mitsubishi UFJ Trust and Banking Corporation
- The Musashino Bank, Ltd.
- The Yamanashi Chuo Bank, Ltd.
- YOSHITAMA SURFACE FINISHING CO. LTD.