Minebea Mitsumi readies for inaugural green bond issue in November

Chicago, Oct. 24 – Minebea Mitsumi Inc. is preparing to issue an inaugural green bond in November, based on the company’s green bond framework published in May, according to a press release.

The framework has been rated green 1 (F) by Japan Credit Agency Ltd., a third-party evaluator.

The lead bookrunners for the five-year bonds are Nomura Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. and Daiwa Securities Co., Ltd.

Nomura Securities Co., Ltd. is the structuring agent.

Based in Tokyo, Minebea Mitsumi is a precision parts manufacturer, holding a majority of the global market for miniature ball bearings and pivot assemblies for HDDs, and holds a high share of the market for rod ends and fasteners for aircraft.

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