News Release
Yanmar Issues Bonds on the TOKYO PRO-BOND Market
February 19, 2021
Yanmar Holdings Co., Ltd.
Yanmar Holdings today announced the terms of issue of the first tranche of corporate bonds for the TOKYO PRO-BOND Market program listings of January 22.
The TOKYO PRO-BOND Market is a market for professional investors. By program listing on this market, Yanmar will be able to flexibly issue bonds within a preset quota. With this listing, the company will be able to establish a stronger business foundation for future growth by diversifying financing methods and stabilizing the financial base.
TOKYO PRO-BOND Market Program Listings
| Listed Market | TOKYO PRO-BOND Market |
|---|---|
| Listing Date | January 22, 2021 |
| Maximum Outstanding Issuance Amount | JPY 20,000,000,000 |
| Rating | BBB＋ (Japan Credit Rating Agency, Ltd.) |
Issuance Conditions of the 1st Tranche of Bonds
| Pricing Date | February 19, 2021 |
|---|---|
| Total Principal Amount | JPY 5,000,000,000 |
| Amount of each bond | JPY 100,000,000 |
| Issue Amount | ¥100 per ¥100 in face value of each Bond |
| Rate of Interest | 0.49% |
| Settlement Date | February 26, 2021 |
| Maturity Date | February 26, 2026 |
| Underwriters | Mizuho Securities Co., Ltd. SMBC Nikko Securities Inc. Goldman Sachs Japan Co., Ltd. |
| Rating | BBB＋ (Japan Credit Rating Agency, Ltd.) |
About Yanmar
Founded in Osaka, Japan in 1912, Yanmar was the first ever to succeed in making a compact diesel engine of a practical size in 1933. A pioneer in diesel engine technology, Yanmar is a global innovator in a wide range of industrial equipment, from small and large engines, agricultural machinery and facilities, construction equipment, energy systems, marine, to machine tools, and components — Yanmar’s global business operations span seven domains.
On land, at sea, and in the city, Yanmar provides advanced solutions to the challenges customers face, towards realizing A Sustainable Future.
For more details, please visit the official website of Yanmar Holdings Co., Ltd.
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