rss icon Subscribe
desktop mobile

NYK Line's Green Bonds Terms and Conditions Determined

Image: NYK Line

Aiswarya Lakshmi

Japan's Nippon Yusen Kaisha (NYK), the world's first shipping company to issue a labelled green bond, said that it has determined the below terms and conditions for the issuance of its 40th corporate debenture bonds, unsecured straight bonds.

Bond name will be Nippon Yusen Kaisha 40th Issuance of Corporate Debenture Bonds (with inter-bond pari passu clause) and issue amount wil be 10 billion yen. The bond's maturity is 5 years.
In April and early May, NYK announced its intention to issue green bonds and the efforts being made to ensure transparency.
A green bond is one in which the proceeds are used solely for the purpose of funding environment-friendly projects. NYK's new medium-term management plan "Staying Ahead 2022 with Digitalization and Green" positions the company to integrate environmental, social, and governance (ESG) principles into management strategies to contribute to the sustainable development of society and enrichment of the company's corporate value.
NYK plans to use the net proceeds of the Green Bonds to expand the company's resources for the procurement of funds, as well as keep a wide range of stakeholders involved in the company's proactive approach to environmental investment.
In accordance with the new medium-term management plan "Staying Ahead 2022 with Digitalization and Green" that NYK announced in March, the company aims to integrate environmental, social, and governance (ESG) principles into management strategies to contribute to the sustainable development of society and enrichment of the company's corporate value.

May 18, 2018

 

Environmental

Green Award Partners with NPRC Inland Shipping Cooperative

From left to right: Jan Fransen (Green Award), Stefan Meeusen (NPRC), Rik Janssen (Prov Zuid Holland), Hester Duursema (Green Award). Photo:  Green Award Foundation

The Rotterdam-based inland shipping cooperative NPRC is the first logistics service provider in

IMO Workshop Addresses Impacts of Fouling

Photo: International Maritime Organization (IMO)

The build-up of aquatic organisms on a ship’s underwater hull and structures is known as

SEA\LNG Welcomes First Shipborkers in the Coalition

Photo: SEA\LNG

SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of

Finance

Cruise Ship Construction: China Rising

3.jpg

China earns cruise newbuild business, aims for ship financeWhile China has steadily built

Danaos Corporation Refinances USD 2.2bln in Debt

Image: Danaos Corporation

Danaos Corporation, a leading international owner of containerships, has reached an agreement

Schulte Group Confirms Cypriot Connection

(Photo: Courtesy Helix)

The Cyprus shipping sector continues to make news, as Dr. Heinrich Schulte, the chairman of the

Maritime Apps