Raising Funds for Decarbonization and a Circular Society through Sustainability Bonds
First written in FY2024-Q2. 1 of 2 entries say "Achieved", first in FY2024-Q3. Latest entry: FY2024-Q3.
5 other companies' latest entry also says "Achieved".
- FY2024-Q3AchievedAnnual report
「Based on a resolution adopted at a meeting of the Board of Directors held on 9 November 2023, the Company issued the following unsecured corporate bonds (sustainability bonds) on 25 January 2024.」
The issuance of the two sustainability bonds for which the issuance resolution was reported in the previous quarter, ¥5 billion each and ¥10 billion in total, was completed on 25 January 2024. The proceeds were used to construct a CO2-free hydrogen supply chain and provide infrastructure and services supporting local communities. - FY2024-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 9 November 2023, the Company resolved to issue unsecured corporate bonds (sustainability bonds). 1. Fifth Series of Unsecured Corporate Bonds of IWATANI CORPORATION (pari passu limited to specific corporate bonds) (sustainability bonds) (1) Total issue amount: ¥5 billion (4) Scheduled maturity: December 2030 or later (7-year bonds) (7) Use of proceeds: The proceeds are scheduled to be allocated to capital expenditures, investments and financing, and repayment of borrowings incurred to fund these expenditures and investments, relating to the construction of a CO2-free hydrogen supply chain, promotion of a circular economy, and provision of infrastructure and services supporting local communities. 2. Sixth Series of Unsecured Corporate Bonds of IWATANI CORPORATION (pari passu limited to specific corporate bonds) (sustainability bonds) (1) Total issue amount: ¥5 billion (4) Scheduled maturity: December 2033 or later (10-year bonds) (7) Use of proceeds: The proceeds are scheduled to be allocated to capital expenditures, investments and financing, and repayment of borrowings incurred to fund these expenditures and investments, relating to the construction of a CO2-free hydrogen supply chain, promotion of a circular economy, and provision of infrastructure and services supporting local communities.」
Resolved to issue two sustainability bonds of ¥5 billion each, totalling ¥10 billion, and specified the use of proceeds for a CO2-free hydrogen supply chain, a circular economy, and local infrastructure and services.