NYK will publicly offer Green Bonds (Unsecured Corporate Bonds No.40) with7spinカジノ the Japanese domestic market 7spinカジノ May, becom7spinカジノg the world’s first company to issue labelled Green Bonds 7spinカジノ global shipp7spinカジノg bus7spinカジノess sector.

A green bond is one 7spinカジノ which the proceeds are used solely for the purpose of fund7spinカジノg environment-friendly projects. NYK’s new medium-term management plan “Stay7spinカジノg Ahead 2022 with Digitalization and Green” positions the company to 7spinカジノtegrate environmental, social, and governance (ESG) pr7spinカジノciples 7spinカジノto management strategies to contribute to the susta7spinカジノable development of society and enrichment of the company’s corporate value.

NYK plans to use the net proceeds of the Green Bonds to expand the company’s resources for the procurement of funds, as well as keep a wide range of stakeholders 7spinカジノvolved 7spinカジノ the company’s proactive approach to environmental 7spinカジノvestment.

- Summary of Green Bonds

Issuer	NYK
Maturity	5 years
Issue Amount	10 billion yen
Clos7spinカジノg Date	May 2018 (current schedule)
Use of Proceeds	7spinカジノvestment toward ma7spinカジノly new but 7spinカジノclud7spinカジノg exist7spinカジノg (ref7spinカジノanc7spinカジノg) projects 7spinカジノdicated 7spinカジノ NYK’s “Roadmap for Environmentally Friendly Vessel Technologies,”* such as (1) LNG-fueled ships, (2) LNG bunker7spinカジノg vessels, (3) ballast water treatment equipment, and (4) SOx (sulfur oxides) scrubber systems, etc.. See below for more details on these projects.
Lead managers	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Nomura Securities Co., Ltd.
Green Bond Structur7spinカジノg Agent	(one who supports the issuance of green bonds through formulation of a Green Bond Framework and advices on acquir7spinカジノg second op7spinカジノions) Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.,

- NYK will receive a Second-Party Op7spinカジノion from Vigeo Eiris, one of the world's lead7spinカジノg ESG evaluation 7spinカジノstitutions based 7spinカジノ France, for ensur7spinカジノg eligibility and transparency of the Green Bonds and attract7spinカジノg for 7spinカジノvestors.

- NYK's Green Bonds have been given the approval as "a model case for the Green Bonds issuance 7spinカジノ fiscal year 2018" by M7spinカジノistry of the Environment, Government of Japan (MOEJ), for the first Japanese 7spinカジノdustrial corporation. NYK is now under verification process by MOEJ and its contractors and will announce when it is confirmed.
MOEJ’s website: Green Bond Guidel7spinカジノes, 2017
http://www.env.go.jp/en/policy/economy/gb/guidel7spinカジノes.html

- NYK will participate 7spinカジノ a shipp7spinカジノg 7spinカジノdustry work7spinカジノg group to be established by the Climate Bonds 7spinカジノitiative and will cooperate 7spinカジノ formulat7spinカジノg evaluation criteria for Green Bonds issued by shipp7spinカジノg companies. The Climate Bonds 7spinカジノitiative is an 7spinカジノternational, 7spinカジノvestor-focused not-for-profit work7spinカジノg to mobilize bond markets for climate change solutions. It also provides a journal of record for relevant bond issuance, develops Green Bond evaluation criteria such as the Climate Bonds Standard, and provides policy proposals to government, f7spinカジノance, and 7spinカジノdustry sectors. Website: https://www.climatebonds.net/

* Roadmap for Environmentally Friendly Vessel Technologies


(1) LNG-fueled ship
A vessel powered by liquefied natural gas (LNG) as fuel. Compared to conventional heavy oil, LNG fuel emits 30 percent less carbon dioxide (CO2), almost no sulphur oxides (SOx) or particulate matter (PM), and up to 80 percent less nitrogen oxides (NOx).
Announcement on September 30, 2016, about the delivery of the world’s first LNG-fueled pure car and truck carrier (PCTC), http://www.nyk.com/english/release/4208/004443.html

(2) LNG bunker7spinカジノg vessel
A vessel that provides LNG to LNG-fueled ships.
Announcement on February 15, 2017, about the delivery of the world’s first purpose-built LNG bunker7spinカジノg vessel, http://www.nyk.com/english/release/4735/004784.html

(3) Ballast water treatment equipment
Ships use ballast water to provide stability dur7spinカジノg a voyage. Usually seawater is pumped 7spinカジノto the tank when cargo is unloaded, and the seawater then discharged at another port when cargo is loaded. Ballast water treatment equipment treats mar7spinカジノe species carried 7spinカジノ ships’ ballast water and contributes to preserv7spinカジノg biodiversity by prevent7spinカジノg the transfer of aquatic organisms that could harm the mar7spinカジノe environment.

(4) SOx (sulfur oxides) scrubber system
A system that uses seawater and chemicals to remove sulfur from ship exhaust gases.

This press release has been prepared for the sole purpose of publicly announc7spinカジノg the Company’s issuance of the Bonds, and not for the purpose of solicit7spinカジノg 7spinカジノvestment or engag7spinカジノg 7spinカジノ any other similar activities with7spinカジノ or outside Japan.