the 2nd Green Bonds

1.Details of the Green Bond

Bond name Kyushu Railway Company 11th Issuance of unsecured bonds
(with specific inter-bond pari passu clause)
(Green Bond)
Kyushu Railway Company 12th Issuance of unsecured bonds
(with specific inter-bond pari passu clause)
(Green Bond)
Kyushu Railway Company 13th Issuance of unsecured bonds
(with specific inter-bond pari passu clause)
(Green Bond)
Tenor 3 years 5 years 10 years
Issue size JPY5billion JPY10billion JPY10billion
Offering date November 18, 2022
Payment date November 25, 2022
Interest rate 0.220% 0.335% 0.649%
Use of proceeds New production of Shinkansen rolling stock , Kagoshima-Chuo Station west entrance development , New Nagasaki Station building
Bond rating AA-(Rating and Investment Information, Inc.(R&I))

2.Investment Announcements for JR Kyushu Green Bond

We introduce the investors who have announced that they invest in this green bond.

(As of November 11, 2022 / In the order of Japanese syllabary)


・Asset Management One Co., Ltd.

IBARAKI Prefectual Credit Federations of Agricultural Cooperateives.

・The Osaka Shinkin Bank

CREDIT GUARANTEE CORPORATION OF OSAKA

・OSAKA POLICE CREDIT UNION

・JA Owari-chuoh

・THE KANAGAWA BANK, LTD.

・Environmental Restoration and Conservation Agency

・JAPAN POST INSURANCE Co.,Ltd.

・JA KITAKAWACHI

・Kumamoto University

・THE KUWANAMIE SHINKIN BANK

・The Kobe Shinkin Bank

Japan Automobile Recycling Promotion Center

・The Juroku Bank, Ltd.

・SUWA SHINKIN BANK

・Saison Automobile and Fire Insurance Company, Limited

・SORACHI SHINKIN BANK

・Tokio Marine Asset Managemant Co., Ltd

・Tokio Marine&Nichido Fire Insurance Co., Ltd.

・TONO SHINKIN BANK

・The Toho Bank, Ltd.

・Tomakomai Shinkin Bank

・The First Bank of Toyama,Ltd.

・The Promotion and Mutual Aid Corporation for Private Schools of Japan

・THE HACHIJUNI BANK,LTD.

・FUKUOKA GUARANTEE

・Fukuoka Shinkin Bank

・JA-Fukushima Mirai

・North Pacific Bank,Ltd.

・HOKKAIDO SHINKIN BANK

Sumitomo Mitsui Trust Asset Management Co., Ltd.

MINAMI NIPPON BANK

・Munakata Agricultural Cooperatives

・Momiji Bank,Ltd.

・Momoyama Gakuin

・The Yamaguchi Bank, Ltd.

・Yamanashi Shinkin Bank

・The Yamanashi Chuo Bank, Ltd.

3.Green Bond Framework

JR Kyushu has developed the Green Bond Framework based on the International Capital Market Association Green Bond Principles 2018 (ICMA GBP 2018) and the Ministry of Environment of Japan Green Bond Guidelines 2020 (GBG 2020).


  (Note) Some descriptions mentioned in the framwork have been changed as below.


  2.2 Process for Project Evaluation and Selection

  ・"The Executive Officer and General Manager of the Finance and Accounting Department"

    → " The General Manager of the Finance and Accounting Department"

  ・"the Ecology Committee" → "the ESG Strategy Committee"

4.External Reviews

Second-Party Opinion

JR Kyushu has commissioned Sustainalytics to provide a Second-Party Opinion to ensure alignment with ICMA GBP 2018 and GBG 2020.


Green Bond Assessment

JR Kyushu has received “GA1” evaluation, the highest level of R&I Green Bond Assessment which evaluates the extent to which raised funds are used to resolve environmental issues.


5.Reporting

Once per year, we will disclose on our website reporting related to the use of proceeds and the environmental benefits.