Nippon Steel has determined the terms and conditions for the issue of its 7th and 8th Series of Unsecured Straight Bonds with inter-bond pari passu clause to fund production facilities for non-oriented electrical steel sheets for eco-friendly car motors and a part of the proceeds will be allocated to replenish cash reserves previously used for to fund the construction of the non-oriented electrical steel sheets production facilitiesNippon Steel Corporation 7th Series¥ 30BDenomination of each bond ¥ 100MInterest rate 0.564% per annumMaturity date 17 March 2028Nippon Steel Corporation 8th Series¥ 20BDenomination of each bond ¥ 100MInterest rate 1.150% per annumMaturity date 3 March 2023Nippon Steel has formulated the Nippon Steel Green Bond Framework in accordance with the International Capital Market Association’s “Green Bond Principles 2021” and the Ministry of the Environment's “Green Bond Guidelines 2022”.
Nippon Steel has determined the terms and conditions for the issue of its 7th and 8th Series of Unsecured Straight Bonds with inter-bond pari passu clause to fund production facilities for non-oriented electrical steel sheets for eco-friendly car motors and a part of the proceeds will be allocated to replenish cash reserves previously used for to fund the construction of the non-oriented electrical steel sheets production facilitiesNippon Steel Corporation 7th Series¥ 30BDenomination of each bond ¥ 100MInterest rate 0.564% per annumMaturity date 17 March 2028Nippon Steel Corporation 8th Series¥ 20BDenomination of each bond ¥ 100MInterest rate 1.150% per annumMaturity date 3 March 2023Nippon Steel has formulated the Nippon Steel Green Bond Framework in accordance with the International Capital Market Association’s “Green Bond Principles 2021” and the Ministry of the Environment's “Green Bond Guidelines 2022”.
