July 12, 2019
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) |
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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) |
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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. |
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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) >
(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.