Press Release

English

Press Release
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006

July 12, 2019

MOL Sets Conditions for Issue of 'Sustainability' 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 sustainability bonds (its 22nd, 23rd, and 24th series of unsecured corporate bonds), which was announced on June 28, 2019, as follows. It also announced the parties that have pledged to invest in the bonds under those conditions, as outlined below.

[ Outline of Sustainability Bonds ]

  22nd series
unsecured
corporate bonds
23rd series
unsecured
corporate bonds
24th series
unsecured
corporate bonds
(Retail Bonds)
Name of bonds Mitsui O.S.K. Lines, Ltd. 22nd series of unsecured corporate bonds (with special conditions regarding the same rank among straight bonds) Mitsui O.S.K. Lines, Ltd. 23rd series of unsecured corporate bonds (with special conditions regarding the same rank among straight bonds)
Mitsui O.S.K. Lines, Ltd. 24th series of unsecured corporate bonds (with special conditions regarding the same rank among straight bonds)
(a.k.a: MOL Blue Ocean Sustainability Bonds)
Issued amount ¥5.0 billion ¥5.0 billion ¥10.0 billion
Amount of each bond ¥100 million ¥100,000
Date of maturity July 19, 2023 July 18, 2025 July 29, 2025
Interest rate 0.32% per annum 0.49% per annum 0.49% per annum
Interest payment date January 19 and July 19 every year January 29 and July 29 every year
Payment at maturity ¥100 per each ¥100 of face value
Closing date July 19, 2019 July 29, 2019
Subscription date/period July 12, 2019 From July 16 to July 26, 2019
Co-lead managers Daiwa Securities Co., Ltd.,
SMBC Nikko Securities Inc.
Daiwa Securities Co., Ltd.,
Mizuho 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.)

[ Parties that have pledged to invest in MOL sustainability bonds ]

Following is the list of investors that have pledged to invest in the green bonds as of today:
< List of investors (alphabetical order) >

  • Aichi Shinkin Bank
  • Azuma Shinyoukumiai
  • Abukuma Shinkin Bank
  • Amagasaki health medical care foundation
  • Awa Agricultural Co-operative
  • Osaka Shinkin Bank
  • OSAKA DOCTORS CREDIT UNION
  • THE KAGAWA BANK,Ltd.
  • KITAMI SHINKIN BANK
  • Kinki Labour Bank
  • THE SHIGA BANK,LTD.
  • Shikoku Labour Bank
  • SHINONOME SHINKIN BANK
  • Suwa Shinkin Bank
  • Zentouei Shinyokumiai
  • Daido Fire & Marine Insurance Co., Ltd.
  • Daitokyo Shinyokumiai
  • Taiyo Life Insurance Company
  • Tanyo Shinkin Bank
  • Tokyo University of Marine Science and Technology
  • TOKYO KEIZAI UNIVERSITY
  • TOKOHA University Educational Foundation
  • DOKKYO GROUP OF ACADEMIC INSTITUTIONS
  • Toyamaken Ishishinyokumiai
  • Nara Shinkin Bank
  • Numazu Shinkin Bank
  • Hanno-Shinkin Bank
  • The Hiroshimaken Credit Cooperative
  • Fukoku Mutual Life Insurance Company
  • Hokkaido Labour Bank
  • The Mishima Shinkin Bank
  • THE YUKI SHINKIN BANK
  • Ryoubi Shinyo Kumiai

(Note 1)
Please refer to the following release on MOL's initiative on issue of sustainability bonds: June 28, 2019 press release: MOL to Issue Sustainability Bonds. MOL also acquired the rating "SU1," the highest rating in "JCR Sustainability Finance Evaluation" effective July 12, 2019 from the Japan Credit Rating Agency, Ltd. with the objectives of ensuring eligibility and transparency of the sustainability bonds and increase their appeal to investors. The Evaluation can be referred from this link.

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

Top of Page