Japan Excellent, Inc. [8987.T]
TOKYO, May 21 (Pulse News Wire) – Japan Excellent, Inc. (8987.T) announced today the issuance of its sixth JEI Green Bond, a total of ¥3 billion, and the early repayment of part of its short-term debt.
The bond, named Japan Excellent Toushi Houjin Second 23rd Unsecured Investment Trust Bond (Specific Investment Trust Bond Rank Agreement Attached), will be used to refinance existing borrowings and extend the average maturity of interest-bearing liabilities. Key details of the green bond include a face value of ¥100 million per bond, an annual interest rate of 2.436%, and payment dates on May 27 and November 27 annually, with the first interest payment due on November 27, 2026. Subscription for the bonds opens, and payments are due on May 27, 2026. The bonds will mature and be repaid in full on May 27, 2031.
In addition, the company plans to use proceeds from the bond issue to repay ¥3 billion of short-term debt on May 29, 2026. Following the transaction, the firm's total interest-bearing debt will decrease from 136,100 million yen to 136,100 million yen. This move aligns with the company’s commitment to sustainable finance initiatives, aiming to support environmentally conscious asset acquisitions through green bonds and sustainability loans. Further details on the green bond framework can be found on the company's website.
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