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

Chevron, ExxonMobil, Occidental Petroleum Join Oil and Gas Climate Initiative

Image: Oil and Gas Climate Initiative

The Oil and Gas Climate Initiative (OGCI) announced three new member companies that together

WE Tech Equips World’s First Dual-fuel Handysize Bulker

The first LNG dual-fueled handysize bulk carrier in the world, M/V Haaga, features a range of energy efficiency solutions on board (Photo: ESL Shipping)

The world’s first liquefied natural gas (LNG) dual-fueled handysize bulk carrier, M/V Haaga

C-Job Researching Ammonia as Marine Fuel

(Image: C-Job Naval Architects)

C-Job Naval Architects based in the Netherlands announced it has joined the Ammonia Energy

Finance

INSIGHTS: John Rynd / President , CEO and Director, Tidewater Inc.

John Rynd / President , CEO and Director, Tidewater Inc.

Mr. John Rynd graduated from Texas A&M University with a Bachelor of Arts degree in Economics.

Suez Canal Revenues Jump in August

© Carabay / Adobe Stock

Egypt’s Suez Canal revenues rose to $502.2 million in August up 6.7 percent from the same period

Odfjell Finalizes Sale of Rotterdam Tank Terminal

(Photo: Odfjell)

Norwegian shipping and tank terminal company Odfjell SE announced on Thursday that it has

Maritime Apps