Social Bonds
Issuance of Social Bonds
To contribute toward the creation of social value, the Company has submitted the Amended Shelf Registration Statement for the issuance of social bonds, which will procure funds for the construction and operation of a new distribution center in Tsukuba City, Ibaraki Prefecture, and buildings for the production of pharmaceuticals in Ota City, Gunma Prefecture.
Overview of the Bonds
Name of bonds | 1st series of unsecured bonds of Alfresa Holdings Corporation(with limited inter-bond pari passu clause) (social bonds) |
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Total issue amount | ¥20 billion |
Amount of each bond | ¥100 million |
Interest rate | 0.827% |
Redemption price | ¥100 per ¥100 of each bond |
Payment date | December 14, 2023 |
Maturity date | December 14, 2028 |
Interest payment dates | June 14 and December 14 of each year |
Collateral | These bonds are unsecured and carry no guarantees. |
Financial covenants | Negative pledge clause attached |
Method of offering | Public offering |
Fiscal agent | MUFG Bank, Ltd. |
Book-entry transfer institution | Japan Securities Depository Center, Inc. |
Lead underwriters | Daiwa Securities Co., Ltd. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. |
Use of proceeds | The proceeds will be used for new investments toward the eligible projects determined under the social bond framework.
① Construction and operation of a new distribution center in Tsukuba City, Ibaraki Prefecture ② Construction and operation of buildings for the production of pharmaceuticals in Ota City, Gunma Prefecture |
Rating | A+ (Rating and Investment Information, Inc.) |
Structuring agent*1 | Daiwa Securities Co., Ltd. |
ALFRESA HOLDINGS CORPORATION Social Bond Framework
The social bond framework for the issuance of social bonds was developed in accordance with the 2023 Social Bond Principles (SBP) of the International Capital Market Association (ICMA) and the 2021 Social Bond Guidelines (SBG) of the Financial Services Agency (FSA).
External Evaluation
R&I’s evaluation of the social bond framework
Social Bond Reporting (Effective September 30, 2024)
The following disclosure is in regard to our fund allocation status reporting and impact reporting.
1Allocation Reporting
Eligible Projects | Overview (Progress) | Allocation Amount (Actual/Planned) | Amount of Unallocated Funds and Scheduled Date of Allocation |
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Construction and operation of a new distribution center in Tsukuba City, Ibaraki Prefecture (Alfresa Corporation) |
Commenced operation on May 7, 2024 | 3.44 billion yen | Allocation completed |
Construction and operation of buildings for the production of pharmaceuticals in Ota City, Gunma Prefecture (Alfresa Pharma Corporation) |
Detailed design completed on January 30, 2024 Scheduled to commence operation in April 2026 |
850 million yen | Allocation scheduled to be completed by April 2026 |
Unallocated amount | 15.7 billion yen |
2Impact Reporting
Eligible Projects | Output | Outcomes | Impact |
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Construction and operation of a new distribution center in Tsukuba City, Ibaraki Prefecture (Alfresa Corporation) |
Capabilities related to the BCP
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Assurance of access to proper medical care during normal times and disasters |
Construction and operation of buildings for the production of pharmaceuticals in Ota City, Gunma Prefecture (Alfresa Pharma Corporation) |
Capabilities of buildings for the production of pharmaceuticals
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The production volume in buildings
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Extension of healthy life expectancies through the advancement of healthcare services |