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Notice of Determination of Terms and Conditions for Issuance of Sustainability-Linked Bonds


EBARA announced the following conditions for the issuance of the Sustainability Link Bond (the "Bond") announced on August 23, 2024.

Overview of corporate bonds

NameEBARA Corporation 13th unsecured corporate bond
(Bond with limited ranking agreement)
(Sustainability Linked Bond)
Total issuance amount10 billion yen
Term10 years
Interest rate1.468% per year
Payment amount100 yen for every 100 yen of each bond
Repayment amount100 yen for every 100 yen of each bond
Payment due dateSeptember 19, 2024
Repayment dateSeptember 19, 2034
Payment dateMarch 19th and September 19th every year
Recruitment methodGeneral recruitment
Structuring Agent *Mizuho Securities Co., Ltd.
Principal Securities CompanyMizuho Securities Co., Ltd., Nomura Securities Co., Ltd.
Financial agentMizuho Bank Limited
Bank transfer agencyJapan Securities Depository Center, Inc.
Obtain ratingA (Rating and Investment Information, Inc.)
KPIGHG EMISSIONS (Scope1, 2)
SPTReduce Scope 1+2 emissions in 2030 by 55% compared to 2018.
Judgment DayEnd of December 2031
Bond characteristicsIf the SPT has not been achieved on the assessment date (including cases where achievement cannot be confirmed), we will (1) donate an amount equivalent to 0.1% of the bond issuance amount, or (2) purchase emission credits or certificates, by the time the bonds are redeemed. The specific details will be determined through necessary resolutions by the redemption date.

(1) Donation
Donations will be made to public interest incorporated associations, public interest incorporated foundations, international organizations, local government-certified NPOs, local governments, and equivalent groups and organizations involved in improving unmet SPT targets.

(2) Purchase of emission credits or certificates
Purchase emission rights (credits representing the value of CO2 reductions) or certificates (green power certificates, non-fossil certificates, I-RECs, etc.).

The EBARA Group aims to achieve the Sustainable Development Goals (SDGs) and further enhance its corporate value by addressing key ESG issues based on its long-term vision and medium-term management plan.

※: Persons who support the issuance of SDGs through the development of frameworks and advice on obtaining external evaluations such as second-party opinions.

 ■ Reference

Long-term vision "E-Vision2030"

・Sustainability-linked finance frameworkopens in a new tab

Filename
0911_Ebara_SLB_FW.pdf
Size
2 MB
Format
application/pdf

・R&I Second Party Opinionopens in a new tab

Filename
0911_Ebara_SLBFW_SPO.pdf
Size
2 MB
Format
application/pdf