Terms and Conditions of Meidensha Green Bonds Determined
Today, Meidensha Corporation (Meiden) announced that it has determined the below terms and conditions for the issuance of its 2nd corporate debenture bonds, unsecured straight bonds.
●2nd Series of Unsecured Bonds (Meidensha Green Bonds)
| Serialnumber of bond (Secondline is nickname) | MeidenshaCorporation’s 2nd Series of Unsecured Bonds MeidenshaGreen Bonds |
| TotalAmount of issue | JPY 6billion |
| Maturity | 5years |
| CouponRate | 0.260% per annum |
| Amountto be paid | JPY 100per JPY-100 corporate debenture bond |
| PricingDate | July 17,2019 |
| IssueDate | July 23,2019 |
| MaturityDate | July 23,2024 |
| Paymentmethod | Bulletmaturity |
| Subscriptionmethod | Openinvitation |
| Securedor unsecured | Unsecured |
| BondRating | BBB+(Japan Credit Rating Agency, Ltd / Rating & Investment Information, Inc.) |
| Use ofproceeds | Proceedsfrom the bonds will be used to pay for Mass-production facilities forelectric vehicle parts |
| Leadmanaging underwriter | SMBCNikko Securities Inc. |
| GreenBond Structuring Agent | SMBCNikko Securities Inc. |
| Guidelinesin which Meidensha Green Bonds qualification was confirmed | ClimateBonds Standard Version 2.1, Low Carbon Land Transport and the Climate BondsStandard Version 1.0 (CBI), Green Bond Principles, 2018 (ICMA), Green BondGuidelines ( of Japan MOEJ, 2017)
-Ratingand second party opinion “Green1”, the highest rating from Japan Credit Rating Agency, Ltd. (JCR) -Verification DNV GLBusiness Assurance Japan K.K. (DNV GL) -Certification ClimateBonds Initiative (CBI) Meiden is the Japan’s First PrivateEnterprise to receive CBI certification. |
●Investors in Meidensha Green Bonds
The following investors have agreed to disclose their participation in Meidensha Green Bonds. (As of July 17, 2019 in alphabetical order)
・Aichi Shinkin Bank
・Daitokyo Shinyokumiai
・Fukoku Mutual Life Insurance Company
・Hanno-Shinkin Bank
・JA Bank Fukuoka
・JA Bank Ibaraki
・JA Bank Iwate
・Kameari Shinkin Bank
・Kesennuma Shinkin Bank
・Kiryu Shinkin Bank
・Kitami Shinkin Bank
・Meiji Yasuda Asset Management Company Ltd.
・Sugamo Shinkin Bank
・Sumitomo Mitsui DS Asset Management Company, Limited
・Sumitomo Mitsui Trust Asset Management Co., Ltd.
・Taiyo Life Insurance Company
・THE BANK OF NAGOYA, LTD.
・THE DAIDO FIRE AND MARINE INSURANCE COMPANY LIMITED
・THE KAGAWA BANK, Ltd.
・THE TOWA BANK, LTD.
・Tokio Marine & Nichido Fire Insurance Co., Ltd.
・Tokio Marine Asset Management Co., Ltd.
●Please refer to the following links for details of the second opinion:
Press release July 5 2019,
Press release Mar 29 2019
Press release July 31 2018
JCR Green Bond Evaluation
DNV GL Pre-issuance Verification Report
Press contacts:
Public Relations Division
e-mail: kouhou@mb.meidensha.co.jp