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Home » Bank of Chugoku Co., Ltd. Regarding underwriting of SDGs private placement bonds “local support type” (Sun nan Co., Ltd.)

Bank of Chugoku Co., Ltd. Regarding underwriting of SDGs private placement bonds “local support type” (Sun nan Co., Ltd.)

Chugoku Bank, Ltd.
Regarding underwriting of SDGs private placement bonds “local support type” (Sunnan Co., Ltd.)
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Our bank supports companies that contribute to local communities through the issuance of privately placed bonds. On Wednesday, December 27, 2020, we underwrote and acted as financial agent for Sannan Co., Ltd.’s “SDGs Private Placement Bond ‘Regional Support Type’*”. A portion of the fee will be used to donate audio equipment to Okayama Prefectural Bizen Ryokuyo High School under the joint names of the company and our bank.
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*“SDGs Private Placement Bond “Local Support Type”” In order to contribute to the local community related to SDGs, we purchase equipment etc. with a portion of the fee received from the private placement bond issuer and support the SDGs designated by the private placement bond issuer. Privately placed bonds donated to related parties jointly by the Bank and the issuing company. [Overview of issuing companies and private placement bonds]
Brand name: Sunnan Co., Ltd. 3rd round of unsecured bonds (guaranteed by the Bank and limited to qualified institutional investors) Location: 2495-7 Okugo, Higashi Ward, Okayama City, Okayama Prefecture Representative: Shinichi Uemura
Industry type: Other metal products manufacturing industry
Sales: 500 million yen (year ending February 2020)
Issue amount: 50 million yen
Date of issue: Wednesday, December 27, 2020
Issue period: 5 years
Repayment method: Lump-sum redemption at maturity
Use of funds: working capital
Donation destination: Okayama Prefectural Bizen Ryokuyo High School (A donation ceremony will be held at the donation destination from 10:00 on Thursday, July 11th)
Comment: Our company protects the safety of everyone’s diet and life through the manufacture of stainless steel products and advanced welding technology. As a company with deep roots in the area, we decided to make the donation because we empathize with the activities of Bizen Ryokuyo High School, which is making a significant
contribution to the local community. We hope that it will be of assistance to all students in their learning.

More details about this release:
https://prtimes.jp/main/html/rd/p/000000462.000068743.html