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    6723   JP3164720009

RENESAS ELECTRONICS CORPORATION

(6723)
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Renesas Electronics : Announces Issuance of US Dollar-Denominated Senior Notes (Including Green Bonds)

11/19/2021 | 07:34pm EST

TOKYO, Japan ― Renesas Electronics Corporation ("Renesas", TSE: 6723) today announced that it has decided to issue senior notes denominated in U.S. dollars (USD) in multiple tranches (collectively, the "Notes"). One of the tranches of the Notes will be green bonds, proceeds from which will be used solely for projects that are expected to contribute to the global environment. In addition, Renesas aims to diversify and reinforce its sources of financing through this first issuance of USD-denominated senior notes.

Renesas, one of the world's leading companies in microcontrollers (MCUs), system-on-chips (SoCs), analog and power semiconductors, provides innovative products and solutions for any embedded systems essential for daily life in areas such as automotive, industrial, infrastructure and IoT. With the mission of developing a safer, healthier and smarter world, Renesas is committed to contributing to the realization of a sustainable society through technology that makes our lives easier.

Renesas intends to allocate an amount equal to the net proceeds from the green bonds for certain purposes, including the purchase of green electricity that can contribute to the reduction of greenhouse gas emissions and the capital investments related to sustainable water resources and waste water management as well as the research and development expenses for highly energy-efficient products for a wide variety of fields, including automotive, industrial, infrastructure and IoT. For details, please refer to the Green Bond Framework that Renesas has established (Note 1). With respect to the Green Bond Framework, Renesas has obtained a third-party external assessment (second-party opinion) (Note 2) from Sustainalytics, a global ESG assessment entity, on the consistency with the International Capital Market Association (ICMA)'s "Green Bond Principles 2021."

As a responsible global company, Renesas will continue to strive to create sustainable value from a long-term perspective. At the same time, Renesas will work to resolve a variety of issues in order to meet the expectations of its diverse stakeholders while listening to their opinions.

Renesas will make an announcement in a timely manner once any material impact is made to its business performance due to the issuance of the Notes.

(Note 1) Details of Green Bond Framework:
https://www.renesas.com/us/en/document/oth/green-bond-framework

(Note 2) Details of Second-party Opinion:
https://www.renesas.com/us/en/document/oth/green-bond-framework-spo

Offering Summary
USD-denominated Senior Notes due 2024
(Green Bonds)
USD-denominated Senior Notes due 2026
(1) Principal Amount USD 500million USD 850million
(2) Interest rate 1.543% per annum 2.170% per annum
(3) Term 3 Years 5 Years
(4) Maturity Date November 26, 2024 November 25, 2026
(5) Payment Date November 26, 2021 November 26, 2021
(6) Use of Proceeds To use the proceeds in accordance with the Use of Proceeds as defined under the Green Bond Framework To fund the repayment of the existing borrowings
(7) Method of Offering The Notes were offered in overseas markets mainly in the United States, Europe, and Asia.
(Within the United States, the Notes were offered only to qualified institutional buyers in reliance on the exemption from registration requirements provided by Rule 144A under the U.S. Securities Act of 1933, as amended)
(8) Listing exchange Singapore Exchange Securities Trading Limited
(9) Ratings BBB- (S&P)
BBB- (Fitch)
(10) Third-party certification entity Sustainalytics
About Renesas Electronics Corporation

Renesas Electronics Corporation (TSE: 6723) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. A global leader in microcontrollers, analog, power and SoC products, Renesas provides comprehensive solutions for a broad range of automotive, industrial, infrastructure, and IoT applications that help shape a limitless future. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, YouTube, and Instagram.

(Remarks) All names of products or services mentioned in this press release are trademarks or registered trademarks of their respective owners.

Note:
This press release has been prepared for the purpose of announcing to the public certain matters relating to the issuance of the securities of Renesas, and not for the purpose of soliciting investment or engaging in any other similar activities within or outside Japan. In addition, this press release does not constitute an offer or sale of securities in the United States. The securities have not been, and will not be registered under the Financial Instruments and Exchange Act of Japan, the United States Securities Act of 1933, as amended (the "Securities Act") or any other applicable securities laws. The securities may not be offered or sold in Japan, the United States or any other jurisdictions where registration is required for the offering of the Notes, absent registration or an exemption from registration under the Financial Instruments and Exchange Act of Japan, the Securities Act or any other applicable securities laws.

The content in the press release, including, but not limited to, product prices and specifications, is based on the information as of the date indicated on the document, but may be subject to change without prior notice.

Disclaimer

Renesas Electronics Corporation published this content on 19 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 November 2021 00:33:12 UTC.


ę Publicnow 2021
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Sales 2021 957 B 8 391 M 8 391 M
Net income 2021 125 B 1 093 M 1 093 M
Net Debt 2021 676 B 5 930 M 5 930 M
P/E ratio 2021 21,0x
Yield 2021 -
Capitalization 2 684 B 23 496 M 23 547 M
EV / Sales 2021 3,51x
EV / Sales 2022 2,77x
Nbr of Employees 20 814
Free-Float 61,9%
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Number of Analysts 14
Last Close Price 1 382,00 JPY
Average target price 2 060,00 JPY
Spread / Average Target 49,1%
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Managers and Directors
Hidetoshi Shibata Chairman, President & Chief Executive Officer
Shuhei Shinkai Chief Finance Officer & Executive Officer
Shinichi Yoshioka Chief Technology Officer & Executive Officer
Tetsuro Toyoda Independent Non-Executive Outside Director
Jiro Iwasaki Independent Non-Executive Outside Director
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