• Press Release

m88 カジノK to Issue Transition Bonds and Green Bonds

Boosting Ship Fuel m88 カジノnversion from a Financing Perspective

m88 カジノK will issue its 47th unsecured corporate bonds (transition bonds) and 48th unsecured corporate bonds (green bonds) in the Japanese domestic market in early April. This will be m88 カジノK’s second green bond issuance since May 2018 and third transition bond issuance since July 2023.

m88 カジノK will issue the bonds to accelerate ESG management advocated in the compam88 カジノ’s medium-term management plan “Sail Green, Drive Transformations 2026 - A Passion for Planetary Wellbeing -“. m88 カジノK will use the funds raised by the transition bonds for projects aligned with the compam88 カジノ’s long-term transition strategy toward decarbonization (transition projects), such as LNG-fueled vessels. On the other hand, the funds generated by the green bonds will be used for projects that mitigate global warming (green projects), such as ammonia-fueled ammonia carriers to be built through the Green Innovation Fund.

m88 カジノK issued the shipping industry’s first green bonds in 2018 and Japan's first transition bonds in 2021. The compam88 カジノ will continue to promote ESG finance and aim to have its growth strategy based on ESG management.


Bond Summary

Name m88 カジノK Unsecured Corporate Bond No. 47
(Trm88 カジノsition Bonds)
m88 カジノK Unsecured Corporate Bond No. 48
(Green Bonds)
Issuing Entity m88 カジノK (Nippon Yusen Kaisha)
Maturity 5 years 10 years
Issue Amount 200 billion yen maximum 100 billion yen
Pricing Date Early April 2024
Use of
Proceeds
New and existing projects referenced in "Vessel fuel conversion scenario towards 2050" from m88 カジノK's medium-term management plan
LNG-fueled vessels, etc. Ammonia-fueled vessels, etc.
Sem88 カジノnd-Party Opinion DNV Business Assurm88 カジノce Japm88 カジノ K.K*
Lead Mm88 カジノagers Mitsubishi UFJ Morgan Stanley Securities m88 カジノ. Ltd., Nomura Securities m88 カジノ. Ltd., SMBC Nikko Securities Inc., Daiwa Securities m88 カジノ. Ltd.
Structuring Agent Mitsubishi UFJ Morgan Stanley Securities m88 カジノ. Ltd.

* DNV Business Assurm88 カジノce Japm88 カジノ K.K
Prior to the execution of the green/transition financing, m88 カジノK obtained a second-party opinion from DNV in January regarding m88 カジノK’s financial framework. m88 カジノK also obtained an annex to the second-party opinion concerning the use of proceeds of transition bonds and green bonds and the eligibility of reporting.

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This press release has been prepared for the sole purpose of publicly announcing the Compam88 カジノ’s issuance of the bonds and not for the purpose of soliciting investment or engaging in am88 カジノ other similar activities within or outside Japan

The news on this website is as of the date m88 カジノnounced m88 カジノd may chm88 カジノge without notice.