News Releases 2019Terms and Conditions of Meidensha Green Bonds Determined

 

 


“Meidensha Green Bonds”



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)

 

Serial number of bond

(Second line is nickname)

Meidensha Corporation’s 2nd Series of Unsecured Bonds

Meidensha Green Bonds

Total Amount of issue

JPY 6 billion

Maturity

5 years

Coupon Rate

0.260% per annum

Amount to be paid

JPY 100 per JPY-100 corporate debenture bond

Pricing Date

July 17, 2019

Issue Date

July 23, 2019

Maturity Date

July 23, 2024

Payment method

Bullet maturity

Subscription method

Open invitation

Secured or unsecured

Unsecured

Bond Rating

BBB+ (Japan Credit Rating Agency, Ltd / Rating & Investment Information, Inc.)

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 Agent

SMBC Nikko Securities Inc.

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.


●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