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. |
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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. |