Skip to content
Home » Bank of Chugoku Co., Ltd. Regarding underwriting of SDGs private placement bonds “local support type” (Met altech Co., Ltd.)

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

Chugoku Bank, Ltd.
Regarding underwriting of SDGs private placement bonds “local support type” (Metaltech Co., Ltd.)
……
[Image 1: https://prtimes.jp/i/68743/461/resize/d68743-461-47ae7f5e30c6afaf022b-0.png&s3=68743-461-15ca3390bdaf35c1bf77e22210467009-1654×308.png ]
Our bank supports companies that contribute to local communities through the issuance of privately placed bonds. On Friday, March 22nd, we underwrote and acted as financial agent for Metaltech Co., Ltd.’s “SDGs Private Placement Bond ‘Regional Support Type”*. A portion of the fee will be used to donate books to Okayama Prefectural
Higashi-Okayama Technical High School under the joint names of the company and our bank.
[Image 2: https://prtimes.jp/i/68743/461/resize/d68743-461-3d67a20cb39dc48ad450-1.png&s3=68743-461-8911aa17ad71a42d26f8466abbd07894-1536×1536.png ]
*“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]
Stock name: Metaltech Co., Ltd. 14th unsecured bond (guaranteed by the Bank and limited to qualified institutional investors)
Location: 1418 Muranaka Karaso, Komaki City, Aichi Prefecture Representative: Ryuichi Yajima
Industry type: Automotive parts manufacturing industry
Sales: 26,870 million yen (year ending March 2020)
Issue amount: 100 million yen
Date of issue: Friday, March 22, 2020
Issue period: 5 years
Repayment method: Lump-sum redemption at maturity
Use of funds: working capital
Donation destination: Okayama Prefectural Higashiokayama Technical High School (A donation ceremony will be held at the donation destination from 1:30 p.m. on Monday, July 8th)
Comment: Our company develops, designs, and manufactures automobile parts and fuel tanks, as well as various molds and jigs, and celebrated its 100th anniversary in 2020. In the automobile industry, which is becoming more and more difficult every year, we believe that the most important word for continued growth is “people,” and we sympathize with the educational policy of Higashiokayama Technical High School, which is training the human resources who will lead the next generation. and decided to donate.

More details about this release:
https://prtimes.jp/main/html/rd/p/000000461.000068743.html