Top Page > Press Release 2024 > MOL Issues Blue Bond (26th Series Unsecured Corporate Bonds)

MOL Issues Blue Bond (26th Series Unsecured Corporate Bonds)

January 19, 2024

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced its intent to issue blue bonds (26th series unsecured corporate bonds) (Note 1), which it announced on December 15, 2023, as follows. The company also announced that it has received investment presentations from the investors mentioned below in connection with determining the terms and conditions.

[Outline of Blue Bonds]

Name of corporate bonds Mitsui O.S.K. Lines, Ltd. 26th series unsecured corporate bonds
Inter-Bond Pari Passu Clause (Blue Bonds)
Total issued amount 20 billion yen
Amount of each corporate bond 100 million yen
Redemption date January 25, 2029
Interest rate 0.639%
Interest payment date January 25 and July 25 of each year
Amount paid 100 yen per 100 yen of face value of each corporate bond
Payment date January 25, 2024
Application period January 19, 2024
Lead managers Daiwa Securities Co., Ltd., Nomura Securities Co., Ltd., Mizuho Securities, Co., Ltd., Shinkin Securities Co., Ltd.
Collateral/Guarantee The bonds are not secured or guaranteed, and no assets are specifically reserved for the bonds.
Ratings acquired A+ (The Japan Credit Rating Agency, Ltd. (JCR)

[Investors announcing investment in the bonds]
The following is a list of investors who have pledged to invest in the Blue Bonds as of today.
<List of investors announcing investment in the Bonds> (Alphabetical order)

  • Abukuma Shinkin Bank
  • The Akita Bank,Ltd.
  • Asset Management One Co., Ltd.
  • The Bank of Kochi,Ltd
  • The Banshu Shinkin Bank
  • Chugoku Labour Bank
  • DaitokyoShinkumi Credit Cooperative
  • Dokkyo Medical University
  • THE FUJI SHINKIN BANK
  • Fujinomiya Shinkin Bank
  • Hokuriku Labour Bank
  • IBARAKI Prefectural Credit Federations of Agricultural Cooperatives
  • Ichii Shinkin Bank
  • Ichinoseki Shinkin Bank
  • IIZUKA SHINKIN BANK
  • Iwaki Shinkumi,Ltd.
  • JA Aichi-Nishi
  • JA NISHIMIKAWA
  • JA WAKAYAMASHINREN
  • THE KANONJI SHINKIN BANK
  • THE KUWANAMIE SHINKIN BANK
  • The Kyoto Chuo Shinkin Bank
  • MAX CO.,LTD.
  • The Mishima Shinkin Bank
  • Mitsubishi UFJ Aseet Management Co. Ltd.
  • Mitsui Sumitomo Insurance Company, Limited
  • The Musashino Bank,Ltd.
  • Nakanogou Credit Cooperative
  • Niigata credit union
  • North Pacific Bank,Ltd.
  • The Numazu Shinkin Bank
  • The Osaka Shinkin Bank
  • Ryoubi Shinkumi Bank
  • THE SAGA KYOEI BANK,LTD.
  • Shigaken Shinyou Nogyo Kyodo Kumiai Rengokai
  • Shizuokashi Agricultural Cooperatives
  • Suwa Shinkin Bank
  • Tajima Agricultural Cooperative
  • TONO SHINKIN BANK
  • TOSHUN SHINKIN BANK
  • Yuki Shinkin Bank

(Note 1) Please refer to the following press release for MOL’s initiatives on the issue of blue bonds.
MOL to Become World’s 1st Shipping Company to Issue Blue Bonds
In addition, to ensure the eligibility and transparency of the Blue Bond Framework established at the time of the issuance of the Blue Bonds and to enhance their appeal to investors, the bonds received the highest rating of "Blue1 (F)" in the "JCR Blue Bond Framework Evaluation" as of December 15, 2023, from the Japan Credit Rating Agency, Ltd. (JCR) on December 15, 2023. Please click here for details of the rating.

This press release has been prepared for the sole purpose of publicly announcing information regarding MOL's issuance of the bonds and not the purpose of soliciting investment or engaging in any other similar activities within or outside Japan.

MOL Group 5 Sustainability Issues
MOL Group identifies "Sustainability Issues" (Materiality) as our key issues for sustainable growth with society through realization of the Group Vision. We anticipate this initiative to contribute especially to the realization of "Environment -Conservation for Marine and global environment-".