IHI Transition Bond Terms and Conditions Determined
IHI Corporation announced today that the terms and conditions of its first transition bonds (note1) has been determined, as announced in its press release of March 28, 2022.
IHI Group pledged in IHI Group ESG Management, which it announced in November 2021, to achieve carbon neutrality across its entire value chain by 2050.
Summary of Transition Bonds
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1．Bond name |
IHI 49th Unsecured Bonds |
IHI 50th Unsecured Bonds |
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2．Maturity |
5 years |
10 years |
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3．Amount |
11 Billion Yen |
9 Billion Yen |
|
4．Interest rate |
0.39% |
0.62% |
|
5．Date of issuance |
June 6, 2022 |
June 6, 2022 |
|
6．Date of redemption |
June 4, 2027 |
June 4, 2032 |
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7．Proposed fund uses |
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|
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8．Lead manager |
Mizuho Securities Co., Ltd.，Nomura Securities Co., Ltd. |
|
|
9．Acquired rating |
A- (Japan Credit Rating Agency, Ltd.), A- (Rating and Investment Information, Inc.） |
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Note1. Transition bonds use the proceeds to fund efforts to tackle climate change by cutting greenhouse gas emissions as part of long-term strategies to help decarbonize economies.
Related Link
Ministry of Economy, Trade and Industry of Japan Chooses Upcoming IHI Transition Bond Issue as One of its 2021 Climate Transition Finance Model Projects (press release IHI, March 28, 2022)
https://www.ihi.co.jp/en/all_news/2021/other/1197721_3370.html