\n \nAn examples of potential uses of the bonds\u2019 proceeds include Wind Hunter, the ultimate zero emission ship. Image courtesy MOL\n<\/p>\n<\/div>\n<\/div>\n<\/div>\n Mitsui O.S.K. Lines, Ltd. has decided to issue \u201cblue bonds\u201d through a public offering in Japan\u2019s domestic market in January 2024, reportedly the world\u2019s first blue bonds in the shipping industry, which refer to the guidance provided by the International Capital Markets Association (ICMA) and other organizations.<\/em><\/strong><\/p>\n The Blue Bond Framework developed for the issuance of the bonds will ensure that all uses of the bonds\u2019 proceeds will contribute to a sustainable blue economy, and the bonds received the highest rating of \u201cBlue1(F)\u201d from the Japan Credit Rating Agency, Ltd.\u00a0<\/strong>(JCR) based on its expectation that they will have a positive environmental impact.<\/p>\n A blue bond is a type of green bond issued to finance green projects that aim to solve environmental problems and is issued with the use of proceeds limited to projects related to the prevention of marine pollution, sustainable marine resources, and so on.<\/p>\n MOL has positioned its environmental strategy as a key element of its group management plan \u201cBLUE ACTION 2035,\u201d\u00a0<\/strong>established this year, and set \u201cmarine and global environmental conservation\u201d as one of its sustainability issues (materiality). The company set a total of $4.5B to be invested in resolving environmental issues over the three-year period from FY2023 to FY2025.<\/strong> It will raise funds through blue bonds to finance these initiatives.<\/p>\n Blue Bonds Overview<\/strong> maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":" December 15, 2023 An examples of potential uses of the bonds\u2019 proceeds include Wind Hunter, the ultimate zero emission ship. Image courtesy MOL Mitsui O.S.K. Lines, Ltd. has decided to issue \u201cblue bonds\u201d through a public offering in Japan\u2019s domestic market in January 2024, reportedly the world\u2019s first blue bonds in the shipping industry, which …<\/p>\n","protected":false},"author":1,"featured_media":35948,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-35947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/35947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=35947"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/35947\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/35948"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=35947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=35947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=35947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nDecember 15, 2023<\/span>
\n\n<\/p>\n
Serial number of bonds | 26th series unsecured corporate bonds
Maturity | 5 years
Issue amount | $70.5m (10 billion yen0 [planned]
Issue date | Scheduled for January 2024
Lead managers | Daiwa Securities Co., Ltd., Nomura Securities Co., Ltd., Mizuho Securities, Co., Ltd., Shinkin Securities Co., Ltd.
Blue bond structuring agent | Daiwa Securities Co., Ltd. (Note 3)<\/p>\n![](\"https:\/\/www.al-sindbad.net\/file\/2023\/12\/1702647122_572_MOL-First-Shipping-Company-to-Issue-Blue-Bonds.jpg\"\/)
An examples of potential uses of the bonds\u2019 proceeds include a vessel equipped with the Wind Challenger sail for the new era. Image courtesy MOL<\/span><\/span><\/span><\/p>\n<\/div>\n<\/div>\n