Kureha Corporation Finalizes 9th Green Bond Terms

Kureha (JP:4023) has released an update.

Kureha Corporation has finalized the terms for its 9th series of unsecured ‘Green Bonds’, aiming to raise 20 billion yen with each bond priced at 100 million yen featuring a coupon rate of 0.850% per annum. The funds will be utilized for expanding PVDF production facilities at the Iwaki Factory, crucial for lithium-ion batteries. A diverse group of investors, including various banks and asset management companies, have shown interest in the green bond offering.

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