2nd Obayashi オンライン カジノ と は-Linked Bond
オンラインカジノ Issues 2nd Obayashi オンライン カジノ と は-Linked Bond
オンラインカジノ has issued Obayashi オンライン カジノ と は-Linked Bond through a public offering in the Japanese domestic bond market. This bond issue is the company's 2nd オンライン カジノ と は-Linked Bonds (*1) under the "Obayashi オンライン カジノ と は-Linked Finance Framework" established in March 2022. Regarding its adequateness, the company had obtained a second opinion from Rating & Investment Information, Inc. (hereinafter "R&I").
オンライン カジノ と は-Linked Bonds mean bonds whose terms of issue change depending on whether preset オンライン カジノ と は and other ESG targets are achieved or not. Specifically, オンライン カジノ と は-Linked Bond issue terms change according to the issuer's commitment to improve, within a time frame set in advance by the issuer, the outcome related to future オンライン カジノ と は and according to whether オンライン カジノ と は performance targets (SPTs), set as numerical goals to be attained in relation to issuer-specified KPIs, have been accomplished or not.
The Obayashi Group has obtained Science-Based Targets (SBT) initiative (*2) certification regarding achievement of targets for 2030 greenhouse gas (GHG) emission reduction in October 2022. The KPI in this issue represents a strong commitment to the "achievement of its decarbonization target," an important pillar of Obayashi's オンライン カジノ と は initiatives, and is also an appropriate measuring progress in the commitment.
Summary of Obayashi オンライン カジノ と は-Linked Bond
| Redemption period | 5 years(オンラインカジノ's 27th Series of Unsecured Bond) |
|---|---|
| Issue amount | 20 billion yen |
| Pricing date | June 6, 2024 |
| Issue date | June 12, 2024 |
| Coupon rate | 0.819% per annum |
| KPI | KPI 1： Obayashi Group's CO2 reduction rate under Scope 1&2 scenarios |
| KPI 2： Obayashi Group's CO2 reduction rate under Scope 3 scenario(category1 and 11) | |
| SPTs | SPT 1: 33.6% cut (from fiscal 2019) in Scope 1&2 CO2 emissions for fiscal 2027 Target reporting period：FY2027, Judgment date: End of October 2028 |
| SPT 2: 20.0% cut (from fiscal 2019) in Scope 3(category1 and 11) CO2 emissions for fiscal 2027 Target reporting period：FY2027, Judgment date: End of October 2028 | |
| Bond characteristics | In case of failure to achieve both SPTs, Obayashi will donate, after the SPT judgment date, an amount equivalent to 0.1% of the issue amount to those public-interest incorporated associations/foundations, international organizations, and municipality-accredited nonprofit organizations which aim to engage in environmental conservation activities, local governments, or other similar entities, with the donation to be completed by the redemption date of the bond issue. In case of failure to achieve SPT 1, the company will donate 0.07% of the issue amount and, in case of failure to achieve SPT 2, the company will donate 0.03% of the issue amount. |
| Managing underwriters | Nomura Securities オンライン カジノ と は., Ltd. (Book Runner) and Mitsubishi UFJ Morgan Stanley Securities オンライン カジノ と は., Ltd. |
| Structuring agent (*3) | Nomura Securities オンライン カジノ と は., Ltd. |
| Credit rating | A+ (R&I) |
Investors in 2nd Obayashi オンライン カジノ と は-Linked Bond
The following investors have agreed to disclose their participation in Obayashi オンライン カジノ と は-Lined Bond.
(As of June 6, 2024 in Japanese alphabetical order)
- The Bank of Iwate, Ltd.
- The Osaka City Shinkin Bank
- OTEC CORPORATION
- Kyoei Shinkumi Bank
- The Kuwanamie Shinkin Bank
- THE BANK OF KOCHI, LTD.
- The Kobe Shinkin Bank
- The Sawayaka Shinkin Bank
- THE SHIGA BANK, LTD.
- Shigaken Shinyokumiai
- THE SHIZUOKA BANK, LTD.
- Shizuoka Labour Bank
- SHINONOME SHINKIN BANK
- The Juroku Bank, Ltd.
- SUMITOMO LIFE INSURANCE COMPANY
- Tajima Shinkin Bank
- The Chikugo Shinkin Bank
- Tokio Marine Asset Managemant オンライン カジノ と は., Ltd.
- The Toho Bank,Ltd.
- NAGANO SHINKIN BANK
- Nakamura Sangyo Gakuen
- Nissay Asset Management Corporation
- Japan Earthquake Reinsurance オンライン カジノ と は.,Ltd.
- Fukuokaken Credit Union
- Fukushima Shinkin Bank
- North Pacific Bank,Ltd.
- MATSUMOTO SHINKIN BANK
- Mitsui Sumitomo Insurance Company, Limited
- Sumitomo Mitsui Trust Asset Management オンライン カジノ と は., Ltd.
- Mitsui Direct General Insurance Company, Limited
- Mitsubishi UFJ Trust and Banking Corporation
- The Musashino Bank,Ltd.
- The Yamagata Bank,Ltd.
オンラインカジノ オンライン カジノ と は-Linked Finance Framework
Eligibility Evaluation by the third party (R&I) regarding Obayashi オンライン カジノ と は-Linked Bond
- *1 Please refer to the link below for the news release of 1st オンライン カジノ と は-Linked Bond オンラインカジノ オンライン カジノ と は-Linked Bond
- *2 The STB is a target for GHG emission reduction that a company-set for 5 to 15 years ahead as compatible with either the scenario that was proposed in Paris Agreement of "well below 2 degrees Celsius" above the pre-industrial level and limit to the 1.5 °C.
- *3 The restructuring agent refers to a company that supports ESG bond issuance through the establishment of a framework, advice for the acquisition of a second opinion, and other forms of assistance.