Nippon Yusen Kabushiki Kaisha : NYK Determines Terms and Conditions for the Sixth Transition Bonds

About this update from Nippon Yusen Kabushiki Kaisha

NYK has set the terms and conditions of the unsecured corporate bonds (transition bonds, No.52, No.53) announced on May 25. Transition Bond Summary ＜No.52＞ Name NYK Unsecured Corporate Bonds No.52 (Transition Bonds) Issuance amount 14 billion yen Maturity 5 Years Interest rate type Fixed Rate Coupon rate 2.338% per annum Issue price 100 yen per 100 yen of each bond Payment date June 15, 2026 Maturity date June 13, 2031 Principal payment Bullet redemption Bond offering Public offering Secured or unsecured Unsecured Lead managers Nomura Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., SMBC Nikko Securities Inc., Daiwa Securities Co., Ltd. Structuring agent Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Bond rating AA- (Japan Credit Rating Agency) ＜No.53＞ Name NYK Unsecured Corporate Bonds No.53 (Transition Bonds) Issuance amount 19 billion yen Maturity 10 Years Interest rate type Fixed Rate Coupon rate 3.227% per annum Issue price 100 yen per 100 yen of each bond Payment date June 15, 2026 Maturity date June 13, 2036 Principal payment Bullet redemption Bond offering Public offering Secured or unsecured Unsecured Lead managers Nomura Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., SMBC Nikko Securities Inc., Daiwa Securities Co., Ltd. Structuring agent Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Bond rating AA- (Japan Credit Rating Agency) Prior to the execution of the transition financing, NYK obtained a second-party opinion from DNV regarding NYK's financial framework. Our Framework and External Evaluation This press release has been prepared for the sole purpose of publicly announcing the Company's issuance of the bonds and not for the purpose of soliciting investment or engaging in any other similar activities within or outside Japan.

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