Evergreen Shipping (Asia) Completes Pricing for First US Dollar Senior Unsecured Green Bond
Evergreen Shipping (Asia) has completed the pricing for its first US dollar senior unsecured green bond amounting to USD 300 million, with a coupon rate of 5.25% and an effective yield of 5.369%. The proceeds will be used to purchase 16,000 TEU methanol dual-fuel vessels, underscoring the company's commitment to sustainability.
📋 Article Processing Timeline
- 📰 Published: April 16, 2026 at 09:00
- 🔍 Collected: April 17, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 19, 2026 at 00:02 (40h 1m after Collected)
1. Board Resolution Date: NA
2. Name of Debt Instrument ('XX Company's Xth (Secured/Unsecured) Corporate Bond'):
Evergreen Shipping (Asia) Co., Ltd. First US Dollar Senior Unsecured Green Bond
3. Whether to issue corporate bonds on a consolidated basis (Yes/No): No
4. Total Issuance Amount: USD 300 million.
5. Face Value per Bond: USD 200,000 and any excess in multiples of USD 1,000.
6. Issue Price: 99.674 (Effective Yield 5.369%).
7. Term: Three years (including a one-month call option).
8. Interest Rate: Fixed coupon rate of 5.25%.
9. Type, Name, Amount, and Covenants of Collateral: Not applicable.
10. Use of Proceeds and Utilization Plan: Purchase of 16,000 TEU class methanol dual-fuel vessels.
11. Underwriting Method: Conducted through public offering outside the Republic of China in accordance with relevant regulations of the bond selling regions.
12. Bond Trustee: Citicorp International Limited
13. Underwriter or Agent Institution:
(1) CACIB (Crédit Agricole Corporate and Investment Bank)
(2) DBS Bank Ltd.
(3) ING Bank N.V. Singapore Branch
(4) OCBC Bank (Singapore) Limited
14. Guarantor: Evergreen Marine Corporation
15. Paying Agent: Citibank, N.A., London Branch
16. Certifying Institution: Not applicable.
17. If convertible into shares, conversion method: Not applicable.
18. Put Option Conditions: If a change of control event as defined in the trust agreement occurs involving the issuer or guarantor, bondholders may sell back the bonds in accordance with the trust agreement.
19. Call Option Conditions: The issuer may redeem the bonds prior to maturity in accordance with the trust agreement.
20. If convertible, exchangeable, or carrying warrants, conversion/exchange basis date: Not applicable.
21. If convertible, exchangeable, or carrying warrants, potential dilution of equity:
Not applicable.
22. Other matters to be notified: None.
2. Name of Debt Instrument ('XX Company's Xth (Secured/Unsecured) Corporate Bond'):
Evergreen Shipping (Asia) Co., Ltd. First US Dollar Senior Unsecured Green Bond
3. Whether to issue corporate bonds on a consolidated basis (Yes/No): No
4. Total Issuance Amount: USD 300 million.
5. Face Value per Bond: USD 200,000 and any excess in multiples of USD 1,000.
6. Issue Price: 99.674 (Effective Yield 5.369%).
7. Term: Three years (including a one-month call option).
8. Interest Rate: Fixed coupon rate of 5.25%.
9. Type, Name, Amount, and Covenants of Collateral: Not applicable.
10. Use of Proceeds and Utilization Plan: Purchase of 16,000 TEU class methanol dual-fuel vessels.
11. Underwriting Method: Conducted through public offering outside the Republic of China in accordance with relevant regulations of the bond selling regions.
12. Bond Trustee: Citicorp International Limited
13. Underwriter or Agent Institution:
(1) CACIB (Crédit Agricole Corporate and Investment Bank)
(2) DBS Bank Ltd.
(3) ING Bank N.V. Singapore Branch
(4) OCBC Bank (Singapore) Limited
14. Guarantor: Evergreen Marine Corporation
15. Paying Agent: Citibank, N.A., London Branch
16. Certifying Institution: Not applicable.
17. If convertible into shares, conversion method: Not applicable.
18. Put Option Conditions: If a change of control event as defined in the trust agreement occurs involving the issuer or guarantor, bondholders may sell back the bonds in accordance with the trust agreement.
19. Call Option Conditions: The issuer may redeem the bonds prior to maturity in accordance with the trust agreement.
20. If convertible, exchangeable, or carrying warrants, conversion/exchange basis date: Not applicable.
21. If convertible, exchangeable, or carrying warrants, potential dilution of equity:
Not applicable.
22. Other matters to be notified: None.