Meiden announces a plan to issue Green Bonds (2) -Five-year bond totaling six billion yen will be issued in July 2019
- Meiden announces a plan to issue Green Bonds Five-year bond totaling six billion yen will be issued in July 2019.
As already reported in the press release issued on 29 March 2019, Meidensha Corporation (Meiden) is planning to issue Green Bonds through a public offering in the Japanese domestic bond market to procure funds to strengthen mass-production capacities for electric vehicles motors and inverters. Bond valuing six billion yen will be supported by SMBC Nikko Securities Inc. as a green bond structuring agent. The bond is planned to be issued in July 2019, subject to market conditions, and is scheduled to mature in five years.
With the issuance of Green Bonds, Meiden intends to expand the range of fund procurement resources, while trying to ensure that a wide range of stakeholders deepen their understanding about Meiden’s active approach to protect the environment.
Together with that, we are hoping to further contribute to the realization of a sustainable recycling-oriented economy and society.
●Outlines of Green Bonds
Serial number of bond (Second line is nickname) | 2nd series unsecured corporate bonds |
Maturity | 5 years |
Amount of issuance | Approximately 6 billion yen |
Date of Issuance | July 2019 (current scheduled) |
Use of proceeds | Proceeds from the bonds will be used to pay for Mass-production facilities for electric vehicle parts |
Lead managing underwriter | SMBC Nikko Securities Inc. |
Green Bond | SMBC Nikko Securities Inc. |
External Reviews for Meidensha Green Bonds | Guidelines in which Meidensha Green Bonds qualification was confirmed Climate Bonds Standard Version 2.1, Low Carbon Land Transport and the Climate Bonds Standard Version 1.0 (CBI), Green Bond Principles, 2018 (ICMA), Green Bond Guidelines ( of Japan MOEJ, 2017) |
Please refer to the following links for details of the second opinion:
Press release 31 July 2018, 29 Mar 2019
JCR Green Bond Evaluation
This press release is provided for the sole purpose of publicly announcing the Company’s issuance of the Bonds, and not for the purpose of soliciting investment or engaging in any other similar activities within or outside of Japan.
Press contacts:
Public Relations Division
e-mail: kouhou@mb.meidensha.co.jp