Based on the “Sustainable Finance Framework,” we will issue our first “green bond” as a means of raising funds for businesses that contribute to solving environmental issues. Details of the issuance conditions are as follows.
- ・The name of the corporate bond
Tokyu Corporation 15th Unsecured Corporate Bond
(Limited agreement between corporate bonds, same ranking, with special agreement)
(green bond) - ・Total amount issued
10 billion yen - ・Age
5 years - ・The amount of each corporate bond
1 million yen (for individual investors) - ・interest rate
1.01 percent per year - ・Payment due date
December 16, 2012 - ・Redemption date
2029/12/14 - ・collateral
No collateral is attached - ・Corporate debt manager
Sumitomo Mitsui Banking Corporation - ・Underwriters
Mizuho Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Underwriting securities group with Daiwa Securities Co., Ltd. and SMBC Nikko Securities Co., Ltd. as the main secretaries - ・Get a rating
AA- (Japan Credit Rating Agency, Ltd.), A+ (Rating & Investment Information Center, Inc.) - ・External evaluations (third party opinions)
Regarding the formulated “sustainable finance framework,” we obtained a third party opinion on compatibility with principles such as the Green Bond Principles 2021 and an evaluation of “SU1 (F),” which is the highest level of the “JCR Sustainability Finance Framework Evaluation” from the Japan Credit Rating Agency (JCR) Co., Ltd. - ・Target projects (use of funds)
It is scheduled to be applied to refinance new or existing expenses required for “clean transportation (introduction of new models, etc.)” and “climate change response (natural disaster countermeasures related to railway business)” by the end of December 2027
Click here for a PDF on this matter, including details on the use of funds (339.29 KB)
