About the Issuance of Blue Bonds
The Maruha Nichiro Group has set forth in our new medium-term management plan "For the ocean, for life MNV 2024” that we will continuously commit to enhancing enterprise value and generating sustainable growth by creating Maruha Nichiro Value (MNV) for all stakeholders through the integration of business strategy and sustainability. In creating MNV, we aim to maximize environmental and social value while steadily implementing business strategies to maximize economic value, the foundation for ensuring business continuity.
As part of this, we have issued Japan's first blue bond. These sustainable finances will be actively utilized to fund our activities to create "environmental value" based on the framework we have established, to further contribute to help solve environmental issues. The proceeds of the Blue Bonds will be used mainly for our environmentally sustainable fisheries and aquaculture operations.
Overview of Blue Bond
- Name of Bond
- Maruha Nichiro Corporation 1st Unsecured Bond (Blue Bond)
- Maturity
- 5 years
- Total issued amount
- 5 Billion yen
- Interest rate
- 0.55% per year
- Date of determination of terms and conditions
- October 27, 2022
- Payment date
- November 2, 2022
- Maturity date
- November 2, 2027
- Lead managing companies
- Mizuho Securities Co., Ltd.,
Mitsubishi UFJ Morgan Stanley Securities Co.
- Structuring agent*
- Mizuho Securities Co., Ltd.
- External evaluation
- Rating and Investment Information, Inc (R&I)
- Main use of funds
- Environmentally sustainable fisheries and aquaculture operations, etc.
* The structuring agent is a party that provides support for the issuance of blue bonds through the development of a blue finance framework and advice on obtaining an external evaluation.
Blue Finance Framework (September 2022)
Maruha Nichiro Corporation established a "Blue Finance Framework" based on the Green Bond Principles (GBP) 2021 of the International Capital Market Association (ICMA), the Green Bond (Loan) and Sustainability Linked Bond (Loan) Guidelines 2022 of the Ministry of Environment Government of Japan, the Loan Market Association (LMA), the Asia Pacific Loan Market Association (APLMA), the Loan Syndications and Trading Association's (LSTA) Green Loan Principles 2021 and the International Finance Corporation's (IFC) Guidelines for Blue Finance.
Blue Finance Framework (PDF: 1.52MB/19 pages)
External Evaluation (Second Party Opinion) (September 2022)
Maruha Nichiro Corporation received a second party opinion from Rating and Investment Information, Inc. on the conformity of our framework with the Green Bond Principles 2021, etc.
Rating and Investment Information, Inc. (R&I) Second Opinion (3.5MB/18 pages)
Blue Bond Reporting
Regarding the allocation of the proceeds from blue bonds and its environmental and social improvement effects.
Related Press Releases
Notice Regarding Determination of Terms and Conditions for Issuance of Blue Bonds (October 27, 2022)
Notice Regarding Issuance of Japan's First “Blue Bond” (September 29, 2022)
