Issuance of unsecured straight bonds

November 29, 2018
Asahi Kasei Corp.

Asahi Kasei has today determined the terms of the ninth series unsecured straight bonds (with inter-bond pari passu clause) as follows.

  1. 1.
    Total amount of issue
    20 billion yen
  2. 2.
    Denomination
    100 million yen
  3. 3.
    Interest rate
    0.100% per annum
  4. 4.
    Issue price
    100 yen per face value of 100 yen
  5. 5.
    Redemption price
    100 yen per face value of 100 yen
  6. 6.
    Term and redemption method
     
  7. i.
    Maturity date
    December 6, 2023
  8. ii.
    Redemption
    Bullet
  9. iii.
    Retirement by purchase
    The bonds may be repurchased at any time from the day following the payment date except as otherwise specified by the book-entry transfer institution
  10. 7.
    Interest payment dates
    June 6 and December 6 of each year
  11. 8.
    Offering period
    November 29, 2018
  12. 9.
    Payment date
    December 6, 2018
  13. 10.
    Collateral and guarantee
    The bonds are not secured by any collateral or guarantee, and there are no particular assets reserved for the payment of these bonds
  14. 11.
    Fiscal covenants
    Negative pledge clause is attached
  15. 12.
    Underwriters
    Daiwa Securities Co., Ltd., Nomura Securities Co., Ltd., Mizuho Securities Co., Ltd., SMBC Nikko Securities Inc., and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
  16. 13.
    Fiscal agent
    Sumitomo Mitsui Banking Corporation.
  17. 14.
    Book-entry transfer institution
    Japan Securities Depository Center, Inc.
  18. 15.
    Application of the Act on Book-Entry Transfer of Company Bonds, Shares, etc.
    The Bonds are subject to application of the Act on Book-Entry Transfer of Company Bonds, Shares, etc.
  19. 16.
    Ratings
    “AA-” from Rating and Investment Information, Inc. and “AA-” from Japan Credit Rating Agency, Ltd.