Sustainability Bond

With Tokyu Group’s slogan “Toward a Beautiful Age” as universal value standards, Tokyu Corporation intends to cope with social issues as well as to develop businesses through “Urban Planning” with railway business at the core since its establishment.

Tokyu Corporation has decided to issue the Bond in order to raise stakeholders’ awareness of the company’s efforts to both environmental and social issues and to further promote our sustainable management.
For the Bond issuance, Tokyu Corporation has designed Sustainability Bond Framework in compliance with the Green Bond Principles 2018, Social Bond Principles 2020 and Sustainability Bond Guideline 2018 as published by the International Capital Market Association (ICMA). The company also received second-party opinion from Vigeo Eiris on transparency and alignment with such principles and guidelines and also to attract more investors.
2021
2020

2021 Overview

Name
Tokyu Corporation 9th Unsecured Corporate Bond
(limited inter-bond pari passu rider)
(Sustainability Bond)
Tokyu Corporation 10th Unsecured Corporate Bond
(limited inter-bond pari passu rider)
(Sustainability Bond)
Total amount of issue
JPY 10,000 million
JPY 10,000 million
Term
5-year
10-year
Amount of each corporate bond
JPY 1 million
(For individual investors)
JPY 100 million
(For institutional investors)
Interest rate
0.17%
0.240%
Pricing date
December 6 - December 21, 2021
December 3, 2021
Issue date
December 22, 2021
December 9, 2021
Maturity date
December 22, 2026
December 9, 2031
Bond rating
AA-(Japan Credit Rating Agency (JCR))
A+(Rating and Investment Information (R&I))
Use of proceedsThe proceeds from the offering will be allocated to refinance existing projects that meet the following eligibility criteria including “New trains”, “Safe and secure Transportation Infrastructure (Installation of platform door, etc.)”, “Minami machida Grandberry Park”, and “Satellite shared office(NewWork)”.

Investment Announcements for TOKYU CORPORATION Sustainability Bond

Please see the following investors that have announced their investments in the TOKYU CORPORATION Sustainability Bond.(As of December 3, 2021 / In the order of Japanese syllabary)

∙ SBI Bond Investment Management Co., Ltd.
∙ THE OGAKI SEINO SHINKIN BANK
∙ The Kita Osaka Shinkin Bank
∙ The Kyoto Chuo Shinkin Bank
∙ THE KURE SHINKIN BANK
∙ Shinkin Central Bank
∙ Tokio Marine & Nichido Fire Insurance Co., Ltd.
∙ Tokyo City Shinkin Bank
∙ The Doshisha
∙ THE TOYOHASHI SHINKIN BANK
∙ Nissay Asset Management Corporation
∙ The Promotion and Mutual Aid Corporation for Private Schools of Japan
∙ NIHON HIGHWAY SERVICE CO.,LTD.
∙ HAMAMATSU IWATA SHINKIN BANK
∙ MATSUYAMA UNIVERSITY
∙ Sumitomo Mitsui DS Asset Management Company, Limited
∙ Mitsubishi UFJ Trust and Banking Corporation

2020 Overview

Name
Tokyu Corporation 5th Unsecured Corporate Bond (limited inter-bond pari passu rider)
(Sustainability Bond)
Tokyu Corporation 6th Unsecured Corporate Bond (limited inter-bond pari passu rider)
(Sustainability Bond)
Total amount of issue
JPY 10,000 million
JPY 10,000 million
Term
5-year
10-year
Interest rate
0.110%
0.300%
Pricing date
December 4, 2020
Issue date
December 10, 2020
Maturity date
December 10, 2025
December 10, 2030
Bond ratingAA-(Japan Credit Rating Agency (JCR))
A+(Rating and Investment Information (R&I))
Use of proceedsThe proceeds of the sustainability bonds are planned to be allocated to refinance existing projects that meet the following eligibility criteria such as "New trains”, "Safe and secure Transportation Infrastructure (Installation of platform door, etc.)”, "Minami machida Grandberry Park”, and "Satellite shared office (NewWork)".

Investment Announcements for TOKYU CORPORATION Sustainability Bond

Please see the following investors that have announced their investments in the TOKYU CORPORATION Sustainability Bond.
(As of December 4, 2020 / In the order of Japanese syllabary)
∙ Asset Management One Co., Ltd.
∙ Ishikawaken Shinyo Nogyo Kyodo Kumiai Rengokai
∙ JAPAN POST INSURANCE Co.,Ltd.
∙ The 77 Bank, Ltd. 
∙ The Dai-ichi Life Insurance Company, Limited
∙ TOKYO UNIVERSITY OF AGRICULTURE EDUCATIONAL CORPORATION
∙ Sumitomo Mitsui Trust Asset Management Co., Ltd.
∙ Tokyo City Shinkin Bank
∙ GAKKOHOJIN NAKAMURASANGYOGAKUEN
∙ NAGANO SHINKIN BANK
∙ NAGOYA GUARANTEE
∙ The Promotion and Mutual Aid Corporation for Private Schools of Japan
∙ HAMAMATSU IWATA SHINKIN BANK
∙ PineBridge Investments Japan Co., Ltd.
∙ Fukushima Shinkin Bank
∙ Manulife General Account Investments Singapore
∙ Mie Prefecture credit federation of agricultural cooperatives
∙ Meiji Yasuda Asset Management Company Ltd.

Reporting

Report of Appropriation of Funds and Impacts