Mitsubishi Materials Corporation

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 Bonds
Mitsubishi Materials Corporation 38th unsecured Bonds (limited inter-bond pari passu clause) (Transition-Linked Bonds)
Tenor
5 years
Issue Amount
JPY 20 billion
Amount of Each Bonds
JPY 100 million
Issue Price
JPY 100 per face value of JPY 100
Coupon
0.863% per annum
Pricing Date
November 22, 2023
Issue Date
November 29, 2023
Maturity Date
November 29, 2028
Interest Payment Date
29th each of May and November annually
Credit Rating
A- (Japan Credit Rating Agency, Ltd.)
KPI
Renewable energy utilization rate (*2)
SPT (*3)
Achieve 30% renewable energy utilization rate by FY2026
Determination date: At the end of August 2026
Lead Managers
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. / Mizuho Securities Co., Ltd. / Nomura Securities Co., Ltd. / Daiwa Securities Co. Ltd.
Structuring Agent
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
External Review
Japan Credit Rating Agency, Ltd.
Trustee
MUFG 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)

<Contact details for inquiries>

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

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