TDK Corporation

11/15/2021 | Press release | Distributed by Public on 11/15/2021 00:08

Change in Lead Managers for the Issuance of “TDK Sustainability-Linked Bonds”

News Center | Press Release

Change in Lead Managers for the Issuance of "TDK Sustainability-Linked Bonds"

November 15, 2021

TDK Corporation (President & CEO: Shigenao Ishiguro) announces the following change in the lead managers for the issuance of sustainability-linked bonds announced in the press release entitled "TDK Issues Its First Sustainability-Linked Bonds" dated October 20, 2021. We have today submitted a revised corporate bond shelf registration statement for the change.

Changes(Lead Managers)

Before change After change
SMBC Nikko Securities Inc.,
Nomura Securities Co., Ltd.,
Daiwa Securities Co., Ltd.,
Mizuho Securities Co., Ltd.
Nomura Securities Co., Ltd.,
Daiwa Securities Co., Ltd.,
Mizuho Securities Co., Ltd.

Background and Reason for the Change

On November 2, 2021, it was revealed that SMBC Nikko Securities Inc. has been under investigation by the Securities and Exchange Surveillance Commission over suspicious breach of the Financial Instruments and Exchange Act (market manipulation). Consequently, we have decided not to appoint SMBC Nikko Securities Inc. as a lead manager for the issuance of the TDK Sustainability-Linked Bonds.

We plan to issue bonds with a total issue amount of up to 100 billion yen. We have decided to respond to issuance of bonds other than the TDK Sustainability-Linked Bonds in the same manner as the above.

About TDK Corporation

TDK Corporation is a world leader in electronic solutions for the smart society based in Tokyo, Japan. Built on a foundation of material sciences mastery, TDK welcomes societal transformation by resolutely remaining at the forefront of technological evolution and deliberately "Attracting Tomorrow." It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK's comprehensive, innovation-driven portfolio features passive components such as ceramic, aluminum electrolytic and film capacitors, as well as magnetics, high-frequency, and piezo and protection devices. The product spectrum also includes sensors and sensor systems such as temperature and pressure, magnetic, and MEMS sensors. In addition, TDK provides power supplies and energy devices, magnetic heads and more. These products are marketed under the product brands TDK, EPCOS, InvenSense, Micronas, Tronics and TDK-Lambda. TDK focuses on demanding markets in automotive, industrial and consumer electronics, and information and communication technology. The company has a network of design and manufacturing locations and sales offices in Asia, Europe, and in North and South America. In fiscal 2021, TDK posted total sales of USD 13.3 billion and employed about 129,000 people worldwide.

Contacts for media

Contact Phone Mail
Mr. Yoichi OSUGA TDK Corporation
Tokyo, Japan
+81 3 6778-1055 [email protected]