Oriental Land Co., Ltd. Issues Unsecured Straight Bonds
September 10, 2020 at 08:00 am
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Oriental Land Co., Ltd. has announced that it has issued unsecured straight bonds (the "Bonds"). Title of the bonds is Oriental Land Co., Ltd. Senior unsecured notes 16th series. Issue Amount is JPY 40.0 billion. Issue Price is JPY 100.00 (At Par). Coupon is 0.15% per annum. Reoffer Yield is 0.15% per annum. Maturity Date is September 17, 2025 (5 year bonds). Subscription Period is September 10, 2020. Settlement is September 17, 2020. Coupon Payment is Semi-annual (September and March 17 of each year). Collateral is None. Use of Proceeds is Scheduled to be allocated for capital investment. Underwriters are Jointly lead managed by Mizuho Securities Co. Ltd, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Nomura Securities Co., Ltd., and Daiwa Securities Co. Ltd., SMBC Nikko Securities Inc. (the "JLMs") and underwritten by a syndicate consisting of the JLMs and co-managers.
Oriental Land Co., Ltd. specialises in the operation of entertainment sites. Net sales break down by activity as follows:
- operation of theme parks (79.3%): ownership, at the end of March 2022, of 2 theme parks (Tokyo Disneyland and Tokyo DisneySea);
- hotel operations (17.2%): owning of Disney Ambassador Hotel, Tokyo DisneySea Hotel MiraCosta, Tokyo Disneyland Hotel, Tokyo Disney Resort Toy Story Hotel, Tokyo Disney Celebration Hotel, Urayasu Brighton Hotel and Kyoto Brighton Hotel;
- other (3.5%).