Kawasaki’s Green Bond Terms and Conditions Determined
Jul. 08, 2022
Kawasaki Heavy Industries, Ltd. announced today that following the news release on June 6, 2022 regarding the issuance of its Green Bond*1 (hereinafter “the Bond”), the terms and conditions of the Bond has been determined as follows. The funds raised from this issuance will be used for projects to build a clean hydrogen supply chain, and the company will work toward the realization of the coming hydrogen society through “Trustworthy Solutions for the Future”.
The company has set a sustainable finance target for 50% of its long-term debt in FY2030 and 100% in FY2050. By making active use of sustainable finance, they will accelerate their sustainability management initiatives to realize the Group Vision 2030*2 and strengthen their engagement with stakeholders to contribute to the achievement of the SDGs and a sustainable society.
1. Summary of the Bond
| Company | Kawasaki Heavy Industries, Ltd. |
| Tenor | 10 years |
| Amount | 9 Billion Yen |
| Interest Rate | 0.789 % |
| Date of Issuance | July 14, 2022 |
| Date of Redemption | July 14, 2032 |
| Underwriters | Nomura Securities Co., Ltd., Mizuho Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. |
| *1 | Bonds issued to raise funds specifically for projects that contribute to solving environmental problems. |
| *2 | Group Vision 2030 URL: https://global.kawasaki.com/en/corp/ir/library/other_presen.html |
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