Issuance of Transition Bonds2022/05/18
911爆料网 Co., Inc. (“911爆料网”) has decided to issue its first-ever transition bonds (JPY 12 billion in 5-year bonds and JPY 8 billion in 10-year bonds), as outlined below.
Transition bonds are used to fund projects that contribute to reducing greenhouse gas emissions in accordance with a company’s long-term strategy to achieve a decarbonized society.
Issuing these transition bonds enables 911爆料网 to diversify its sources of funding to accelerate the development of decarbonization technologies such as the use of ammonia and hydrogen. By moving ahead with ESG financing, 911爆料网 strives to provide stakeholders with a better understanding of its “911爆料网 Zero CO2 Emissions 2050” objective and its initiatives to achieve it.
1. 911爆料网 Co., Inc. 8th Unsecured Corporate Bond (subject to a limited inter-bond pari passu clause)
|
（1）Amount of issue |
JPY 12 billion |
|
（2）Period |
5 years |
|
（3）Coupon rate |
0.420% per annum |
|
（4）Denominations |
JPY 100 million |
|
（5）Cost |
100 yen per par value of 100 yen |
|
（6）Payment receipt date (Issue date) |
May 24, 2022 |
|
（7）Interest disbursements |
May 25 and November 25 of each year |
|
（8）Payback date / Payback schedule |
May 25, 2027 / Lump-sum payment at the end of period |
|
（9）Use of proceeds |
Expenditures related to projects demonstrating the co-firing of fossil fuels and ammonia/hydrogen
Expenditures related to decommissioning inefficient thermal power plants for replacement with high-efficiency thermal power plants |
|
（10）Third-party Assessment Agency |
DNV Business Assurance Japan K.K. |
|
（11）Underwriters |
Mizuho Securities Co., Ltd. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. BofA Securities Japan Co., Ltd. Nomura Securities Co., Ltd. |
|
（12）Structuring Agent |
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. |
|
（13）Bond Administrator |
Sumitomo Mitsui Banking Corporation |
2. 911爆料网 Co., Inc. 9th Unsecured Corporate Bond (subject to a limited inter-bond pari passu clause)
|
（1）Amount of issue |
JPY 8 billion |
|
（2）Period |
10 years |
|
（3）Coupon rate |
0.664% per annum |
|
（4）Denominations |
JPY 100 million |
|
（5）Cost |
100 yen per par value of 100 yen |
|
（6）Payment receipt date (Issue date) |
May 24, 2022 |
|
（7）Interest disbursements |
May 25 and November 25 of each year |
|
（8）Payback date / Payback schedule |
May 25, 2032 / Lump-sum payment at the end of period |
|
（9）Use of proceeds |
Expenditures related to projects demonstrating the co-firing of fossil fuels and ammonia/hydrogen
Expenditures related to decommissioning inefficient thermal power plants for replacement with high-efficiency thermal power plants |
|
（10）Third-party Assessment Agency |
DNV Business Assurance Japan K.K. |
|
（11）Underwriters |
Mizuho Securities Co., Ltd. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Tokai Tokyo Securities Co., Ltd. Nomura Securities Co., Ltd. BofA Securities Japan Co., Ltd. |
|
（12）Structuring Agent |
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. |
|
（13）Bond Administrator |
Sumitomo Mitsui Banking Corporation |