News

November 22, 2023

Mitsubishi Materials Corporation

Notice Regarding the Issuance of the Transition-Linked Bonds

Mitsubishi Materials Corporation ("MMC") has established the Transition-Linked Finance Framework ("the framework") to promote our efforts to achieve carbon neutrality. Based on the framework, MMC has prepared to issue the Transition-Linked Bonds. (*1)

(*1)Press release on November 1, 2023: "Established the Transition-Linked Finance Framework"
URL: https://www.mmc.co.jp/corporate/en/news/2023/news20231101.html MMC announces today its decision to issue the Transition-Linked Bonds (38th unsecured Bonds) under the following conditions. MMC will promote its initiatives to realize carbon neutrality by utilizing the funds raised through the issuance of the Transition-Linked Bonds. Overview of the Transition-Linked Bonds Issuance Conditions
Name of the BondsMitsubishi Materials Corporation 38th unsecured Bonds (limited inter-bond pari passu clause) (Transition-Linked Bonds)Tenor5 yearsIssue AmountJPY 20 billionAmount of Each BondsJPY 100 millionIssue PriceJPY 100 per face value of JPY 100Coupon0.863％ per annumPricing DateNovember 22, 2023Issue DateNovember 29, 2023Maturity DateNovember 29, 2028Interest Payment Date29th each of May and November annuallyCredit RatingA- (Japan Credit Rating Agency, Ltd.)KPIRenewable energy utilization rate (*2)SPT (*3)Achieve 30％ renewable energy utilization rate by FY2026
Determination date: At the end of August 2026Lead ManagersMitsubishi UFJ Morgan Stanley Securities Co., Ltd. / Mizuho Securities Co., Ltd. / Nomura Securities Co., Ltd. / Daiwa Securities Co. Ltd.Structuring AgentMitsubishi UFJ Morgan Stanley Securities Co., Ltd.External ReviewJapan Credit Rating Agency, Ltd.TrusteeMUFG Bank, Ltd.
(*2)Ratio of renewable electricity purchased by MMC (including electricity procured by other companies) divided by total electricity purchased(*3)Sustainability Performance Target. Set targets to be achieved with respect to key performance indicators (KPIs)

Corporate Communications Dept., Strategic Headquarters: +81-3-5252-5206

Attachments

Disclaimer

Mitsubishi Materials Corporation published this content on 22 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 November 2023 06:04:29 UTC.