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August 24, 2018

MOL Sets Conditions for Issue of 'Green' Bonds

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today announced that it has determined the conditions concerning the issue of green bonds (its 20th and 21st series of unsecured corporate bonds), which was announced on August 7, 2018, as follows. It also announced the investors that have pledged to invest in the bonds under those conditions, as outlined below.

[ Outline of Green Bonds ]

  20th series unsecured corporte bonds 21st series unsecured corporate bonds (Retail Bonds)
Name of corporate bonds Mitsui O.S.K. Lines, Ltd. 20th series of unsecured corporate bonds (with special conditions regarding the same rank among straight bonds) Mitsui O.S.K. Lines, Ltd. 21st series of unsecured corporate bonds (with special conditions regarding the same rank among straight bonds)
(a.k.a: MOL Blue Ocean Environmental Bonds)
Issued amount ¥5.0 billion ¥5.0 billion
Amount of each bond ¥100 million ¥1 million
Date of maturity 30th August, 2023 8th September, 2023
Interest rate 0.42% per annum 0.42% per annum
Interest payment date End Feb and 30th Aug every year 10th of March and Sept every year
Payment at maturity ¥100 per each ¥100 of face value
Closing date August 30, 2018 September 10, 2018
Subscription date/period August 24, 2018 From August 27, 2018 to September 7, 2018
Co-lead managers Daiwa Securities Co., Ltd., Nomura Securities Co., Ltd.
Collateral/guarantee These bonds are unsecured and carry no guarantees. Also, no particular assets have been placed in reserve to cover these bonds.
Bond rating A- (Japan Credit Rating Agency, Ltd.)

[ Investors that have pledged to invest in the green bonds ]
Following is the list of investors that have pledged to invest in the green bonds as of today:

< List of the investors (alphabetical order) >

  • Abukuma Shinkin Bank
  • Azuma shinyoukumiai
  • Dokkyo Group of Academic Institutions
  • Hokkaido Labour Bank
  • Itoigawa shinyoukumiai
  • Iwate Prefectural Credit Federation Of Agricultural Cooperatives
  • Kanonji Shinkin Bank
  • Kansai University
  • Mitsubishi UFJ Trust and Banking Corporation
  • Nagasakimitsubishi shinyoukumiai
  • Shikoku Labour Bank
  • Suwa Shinkin Bank
  • The Choshi Shinkin Bank
  • The Daisan Bank , Ltd.
  • THE HANNO SHINKIN BANK
  • THE JAPAN CARGO TALLY CORPORATION
  • THE KAGAWA BANK,Ltd.
  • The Mishima Shinkin Bank
  • The Sugamo Shinkin Bank
  • The Toa Reinsurance Company, Limited

(Note 1)
Please refer to the following release on MOL’s initiative on issue of green bonds:
MOL to Issue Japan's 1st Green Bonds Aimed at Individual Investors "MOL Blue Ocean Environmental Bonds"

The press release is provided only for the purpose of announcing information related to the issue of Mitsui O.S.K. Lines' shares, and does not constitute an offer to sell or the solicitation for investments or any other similar activities within or outside Japan.

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