We advised the joint lead managers and joint bookrunners on DENSO’s inaugural sustainability bond offering

Davis Polk advised the joint lead managers and joint bookrunners in connection with the debut Rule 144A / Regulation S offering of senior notes by DENSO Corporation, which consisted of $500 million aggregate amount of 1.239% senior notes due 2026. The net proceeds of the notes will be allocated to new or existing “Eligible Social Projects” and “Eligible Green Projects” as defined under DENSO’s “Green, Social and Sustainability Bond Framework.” This was DENSO’s inaugural sustainability bond issuance. The notes are listed on the Singapore Exchange Securities Trading Limited. 

DENSO is a leading global manufacturing company based in Japan with operations around the world, engaged in the development, production and sale of automotive parts and components.

The Davis Polk corporate team included partner Jon Gray, counsel Christopher Kodama and associates Chihiro Sasaki and Alexander Coley. Counsel Alon Gurfinkel and associate Ben Levenback provided tax advice. Members of the Davis Polk team are based in the Tokyo, London and New York offices.

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