Tokai Carbon sets terms for JPY 10 bn unsecured straight bonds

Tokai Carbon Co., Ltd. announced on October 3, 2025, the terms and conditions for its 4th Series of Unsecured Straight Bonds, totaling JPY 10 billion. Each bond will have a denomination of JPY 100 million, with a coupon rate of 1.663% per annum and an issue price set at 100% of the principal amount.

Interest payments will be made semi-annually on April 9 and October 9, with the payment date for the bonds also on October 9, 2025, and a maturity date of October 9, 2030. The bonds have received credit ratings of "A" from Rating and Investment Information, Inc. and "A+" from Japan Credit Rating Agency, Ltd.

SMBC Nikko Securities Inc., Nomura Securities Co., Ltd., and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. will serve as the underwriters. MUFG Bank, Ltd. is designated as the fiscal agent for the issuance.