the 3rd Green Bonds
1.Details of the Green Bond
Bond name | Kyushu Railway Company 14th Issuance of unsecured bonds (with specific inter-bond pari passu clause) (Green Bond) |
---|---|
Tenor | 10 years |
Issue size | JPY10billion |
Offering date | July 14, 2023 |
Payment date | July 21, 2023 |
Interest rate | 0.768% |
Use of proceeds | Development of the area around Nagasaki Station, JR Kagoshima-Chuo 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 july 14, 2023 / In the order of Japanese syllabary)
・THE ICHII SHINKIN BANK
・JA GAMAGORI
・JAPAN POST INSURANCE Co.,Ltd.
・Kibi Shinkin Bank
・Kyusyu Labour Bank
・JA Kumamotoshi
・Saga Prefecture Doctor's Credit Cooperatives
・SUNRAY Inc.
・JTB KYOSAI KUMIAI
・Daitokyo Shinyokumiai
・Takanabe Shinkin Bank
・Chuo Labour Bank
・Tokio Marine & Nichido Fire Insurance Co., Ltd.
・The Tono Shinkin Bank
・Tomakomai Shinkin Bank
・Nagano Shinkin Bank
・Nagoya Credit Guarantee Corporation
・Niigata Shinkin Bank
・The Nishio Shinkin Bank
・THE NISSHIN SHINKIN BANK
・The Promotion and Mutual Aid Corporation for Private Schools of Japan
・Hanno-Shinkin Bank
・JA Fukushimamirai
・HOKKAIDO SHINKIN BANK
・Matsumoto Shinkin Bank
・THE MIZUSAWA SHINKIN BANK
・Morioka Shinkin Bank
・The Yamaguchi Bank, Ltd
・The Yamanashi Chuo Bank, Ltd.
・Resona Asset Management Co., 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).
Kyushu Railway Company Green Bond Framework
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.
Sustainalytics Second-Party Opinion
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.
The Report on Kyushu Railway Company 14th Issuance of unsecured bonds (Green Bond)
(as of the end of September 2023)
The Report on Kyushu Railway Company 14th Issuance of unsecured bonds (Green Bond)
(as of the end of March 2024)