By Devika Patel
Knoxville, Tenn., Nov. 18 – Minebea Mitsumi Inc. priced ¥1.6 billion of 0.4% five-year green bonds (Japan Credit Rating Agency: A+) on Friday, according to a press release.
The lead bookrunners are Nomura Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. and Daiwa Securities Co., Ltd.
Proceeds will be used to invest in and refinance eligible projects.
Based in Tokyo, Minebea Mitsumi is a precision parts manufacturer, holding a majority of the global market for miniature ball bearings and pivot assemblies for HDDs, and holds a high share of the market for rod ends and fasteners for aircraft.
| Issuer: | Minebea Mitsumi Inc.
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| Amount: | ¥1.6 billion
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| Description: | Green bonds
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| Maturity: | Five years
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| Bookrunners: | Nomura Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. and Daiwa Securities Co., Ltd.
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| Structuring agent: | Nomura Securities Co., Ltd.
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| Coupon: | 0.42%
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| Pricing date: | Nov. 18
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| Settlement date: | Nov. 25
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| Ratings: | Japan Credit Rating Agency: A+
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