INVESTOR RELATIONS
Corporate Bond and Ratings
Corporate Bonds
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| Corporate Bond | Issued (million yen) | Interest rate (%) | Redemption date |
|---|---|---|---|
| 30th Unsecured Corporate Bond (Green Bond) |
10,000 | 0.880 | June 1, 2033 |
| 29th Unsecured Corporate Bond (Green Bond) |
10,000 | 0.450 | June 1, 2028 |
| 28th Unsecured Corporate Bond (Green Bond) |
10,000 | 0.694 | March 1, 2028 |
| 27th Unsecured Corporate Bond (Green Bond) |
10,000 | 0.320 | February 27, 2026 |
| 26th Unsecured Corporate Bond (Sustainability Linked Bond) |
10,000 | 0.300 | October 10, 2031 |
| 2nd Unsecured Subordinated Bond with the Optional Interest Payment Deferral and Optional Early Redemption Clauses (Sustainability Bond) (*2) | 30,000 | 1.240 (Initial Interest rate) |
December 17, 2060 |
| 1st Unsecured Subordinated Bond with the Optional Interest Payment Deferral and Optional Early Redemption Clauses (*1) | 40,000 | 1.060 (Initial Interest rate) |
December 17, 2055 |
| 25th Unsecured Corporate Bond | 10,000 | 0.600 | April 22, 2030 |
| 24th Unsecured Corporate Bond | 10,000 | 0.440 | April 22, 2025 |
| 23rd Unsecured Corporate Bond | 10,000 | 0.700 | March 9, 2040 |
| 22nd Unsecured Corporate Bond (Green Bond) |
10,000 | 0.190 | January 23, 2025 |
| 21st Unsecured Corporate Bond | 10,000 | 0.880 | July 11, 2039 |
| 20th Unsecured Corporate Bond | 10,000 | 0.370 | July 11, 2029 |
| 19th Unsecured Corporate Bond | 10,000 | 0.455 | August 30, 2028 |
| 17th Unsecured Corporate Bond | 10,000 | 0.980 | March 1, 2038 |
| 16th Unsecured Corporate Bond | 10,000 | 0.390 | March 1, 2028 |
| 15th Unsecured Corporate Bond | 10,000 | 0.780 | October 20, 2032 |
| 13th Unsecured Corporate Bond | 10,000 | 0.410 | July 30, 2027 |
| 12th Unsecured Corporate Bond | 10,000 | 0.790 | May 31, 2032 |
| 10th Unsecured Corporate Bond | 10,000 | 0.455 | February 26, 2027 |
| 7th Unsecured Corporate Bond | 10,000 | 0.800 | September 12, 2031 |
| 6th Unsecured Corporate Bond | 10,000 | 0.780 | June 10, 2031 |
| 3rd Unsecured Corporate Bond | 10,000 | 0.968 | June 23, 2025 |
*1A fixed interest rate will be applied during the period from December 18, 2020 through December 17, 2025 and a floating interest rate will be applied on or after December 18, 2025 (The coupon rate will step up on December 18, 2025).
The Company may redeem the bonds early at its own discretion on any interest payment date on or after December 17, 2025.
*2A fixed interest rate will be applied during the period from December 18, 2020 through December 17, 2030 and a floating interest rate will be applied on or after December 18, 2030 (The coupon rate will step up on December 18, 2030).
The Company may redeem the bonds early at its own discretion on any interest payment date on or after December 17, 2030.
Ratings
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Rating Institution: Japan Credit Rating Agency,Ltd.
| Rating date | February 4,2022 | January 20,2023 | January 19,2024 | |
|---|---|---|---|---|
| Rating | Long-term (Outlook) |
A (Stable) |
A (Stable) |
A (Positive) |
| Short-term | J-1 | J-1 | J-1 | |
Meaning of rating :
“A” : There is a high probability of meeting debt obligations.*
“J-1” : The probability of meeting short-term debt obligations is the highest.
“Stable” “Positive” : A Rating Outlook is JCR's opinion regarding the likely direction of an issuer rating or an ability to pay insurance claims rating in one or two years after determination of the rating. A Rating Outlook falls into the following five categories: Positive, Stable, Negative, Developing, or Multiple.
Positive means that a rating may be raised, while Negative means it may be lowered. Stable means that a rating is not likely to change in the foreseeable future.
Ratings from AA to B are accorded with a plus (+) or minus (-) sign to further distinguish relative positions within the same rating.