Issuance of Straight Bonds
East Japan Railway Company
January 13, 2023
East Japan Railway Company (the "Company") announced today that it has filed the Shelf Registration Supplements with the Kanto Local Financial Bureau for the planned issuance of the 4th and 5th Sustainability Bonds (unsecured straight bonds) and 188th unsecured straight bonds.
The amounts of the issues are as follows: 5-year bonds, ¥25,000 million, 10-year bonds, ¥10,000 million and 30-year bonds, ¥12,000 million.
Net proceeds of the issue of the 4th and 5th Sustainability Bonds will be used for investments in the introduction of the E235 series railcars on the Yokosuka/Sobu Rapid Line Service and investments in KAWASAKI DELTA. Net proceeds of the issue of the 188th bonds will be used for the repayment of interest-bearing debt.
4th Sustainability Bonds | 5th Sustainability Bonds | 188th bonds | ||||
1. | Subscription | Public offering | ||||
2. | Issue terms | 5 years | 10 years | 30 years | ||
3. | Issue size | ¥25,000 million | ¥10,000 million | ¥12,000 million | ||
4. | Issue price | ¥100 per ¥100 | ¥100 per ¥100 | ¥100 per ¥100 | ||
5. | Coupon | 0.687% per annum | 0.994% per annum | 2.103% per annum | ||
6. | Yield on the bonds | 0.687% per annum | 0.994% per annum | 2.103% per annum | ||
(simple interest) | (simple interest) | (simple interest) | ||||
7. | Maturity date | January 20, 2028 | January 20, 2033 | January 20, 2053 | ||
8. | Issue schedule | Offering period | : January 13, 2023 | |||
Payment date | : January 20, 2023 | |||||
9. | Lead managing | Nomura Securities Co., Ltd. | ||||
underwriters | Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. | |||||
JR East has obtained the Second Opinion that the Sustainability | ||||||
Finance Framework which the company has designed for | ||||||
executing sustainability finance is in conformity with ICMA's | ||||||
10. Second Opinion | principles such as Sustainability Bond Guidelines from DNV | |||||
Business Assurance Japan K.K.. | ||||||
https://www.jreast.co.jp/e/investor/sustainable-finance/second- | ||||||
party-opinion/ | ||||||
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EJRC - East Japan Railway Company published this content on 13 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2023 05:09:02 UTC.