NYK plans to issue transition bonds at the end of November, the terms of which will be announced shortly. This is the fifth issuance of this type of instrument by the company.
Transition bonds are designed to facilitate the transition to a low-carbon society. The funds raised will be allocated to projects aligned with our medium-term management plan.
The initiatives emphasize long-term transition strategies that contribute to decarbonization, including investments in LNG-powered vessels.
“Since the issuance of the shipping industry’s first green bonds in 2018 and, subsequently, Japan’s first transition bonds in 2021, we have been at the forefront of sustainable finance,” stated the shipping company.
“NYK maintains its commitment to promoting sustainable finance, while raising stakeholder awareness of our growth strategy, which is based on sustainable management,” they affirmed at NYK.
