Notice concerning Determination of the Terms and Conditions
for the Issuance of Unsecured Straight Bonds
Tokuyama Corporation (hereinafter referred to as "the Company") has today determined the terms and conditions for the issuance of domestic unsecured straight bonds, as described below.
1. Overview of the 25th Unsecured Straight Bonds
(1)
Name of bonds
Tokuyama Corporation 25th Issuance of unsecured straight
bonds (with an inter-bond pari passu clause)
(2)
Total amount of bonds
¥10 billion
offered
(3)
Coupon rate
0.37% per annum
(4)
Closing date
March 1, 2022
(5)
Maturity date
March 1, 2027 (5-year bonds)
(6)
Coupon payment date
March 1 and September 1 of each year
(7)
Rating
A- (Rating & Investment Information, Inc.)
(8)
Joint lead underwriters
Nomura Securities Co., Ltd.
and underwriters
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Mizuho Securities Co., Ltd.
(9)
Fiscal agent
MUFG Bank, Ltd.
(10) Use of funds
All proceeds will be used to repay debt by the end of
December 2022
(Note) This document is intended for information purpose only and is not a solicitation or offer to buy or sell securities or related financial instruments. Straight bonds have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
1
2. Overview of the 26th Unsecured Straight Bonds
(1)
Name of bonds
Tokuyama Corporation 26th Issuance of unsecured straight
bonds (with an inter-bond pari passu clause)
(2)
Total amount of bonds
¥5 billion
offered
(3)
Coupon rate
0.60% per annum
(4)
Closing date
March 1, 2022
(5)
Maturity date
March 1, 2032 (10-year bonds)
(6)
Coupon payment date
March 1 and September 1 of each year
(7)
Rating
A- (Rating & Investment Information, Inc.)
(8)
Joint lead underwriters
Nomura Securities Co., Ltd.
and underwriters
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Mizuho Securities Co., Ltd.
(9)
Fiscal agent
MUFG Bank, Ltd.
(10) Use of funds
All proceeds will be used to repay debt by the end of
December 2022
(Note) This document is intended for information purpose only and is not a solicitation or offer to buy or sell securities or related financial instruments. Straight bonds have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
2
Attachments
Original Link
Original Document
Permalink
Disclaimer
Tokuyama Corporation published this content on 22 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2022 02:50:02 UTC.
Tokuyama Corporation specializes in manufacturing and marketing chemical products. Net sales break down by family of products as follows:
- staple chemical products (28%): primarily caustic soda, sodium chlorite, calcium chloride, polyvinyl chloride, polypropylene and methylene;
- fine chemistry products (14.6%): primarily for the manufacturing of packaging, dental care equipments and clinical analysis systems;
- specialty chemical products (15.1%): detergents, emulsifiers, additives, chemical intermediates, etc.;
- other (12.5%).
The remaining sales (29.8%) are from the cement production activity.
At the end of march 2021, the group had 10 production sites located in Japan (2) and Asia (8).
Net sales are distributed geographically as follows: Japan (78.9%), Asia (17.1%) and other (4%).
TOKUYAMA CORPORATION 
