Issuance of unsecured straight bonds

August 30, 2019
Asahi Kasei Corp.

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

11th series 12th series
Total amount of issue: 20 billion yen 20 billion yen
Denomination: 100 million yen
Interest rate: 0.070% per annum 0.210% per annum
Issue price: 100 yen per face value of 100 yen
Redemption price: 100 yen per face value of 100 yen
Term and redemption method Maturity date: September 6, 2024 September 6, 2029
Redemption: Bullet
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
Interest payment dates: March 6 and September 6 of each year
Offering period: August 30, 2019
Payment date: September 6, 2019
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
Fiscal covenants: Negative pledge clause is attached
Underwriters: SMBC Nikko Securities Inc.,
Nomura Securities Co., Ltd.,
Daiwa Securities Co., Ltd.,
Mizuho Securities Co., Ltd.,
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Mizuho Securities Co., Ltd.,
Daiwa Securities Co., Ltd.,
Nomura Securities Co., Ltd.,
SMBC Nikko Securities Inc.,
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Fiscal agent: Sumitomo Mitsui Banking Corporation Mizuho Bank, Ltd.
Book-entry transfer institution: Japan Securities Depository Center, Inc.
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.
Ratings: “AA−” from Rating and Investment Information, Inc.
“AA” from Japan Credit Rating Agency, Ltd.