News Releases 2019Meiden 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. 

 

“Meidensha Green Bonds”


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
Meidensha Green 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
Structuring Argent

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)

-Rating and second party opinion “Green 1”, the highest rating from Japan Credit Rating Agency, Ltd. (JCR)
-Verification DNV GL Business Assurance Japan K.K. (DNV GL)
-Certification Climate Bonds Initiative (CBI)
Meiden is the Japan’s First Private Enterprise to receive CBI certification.






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