the 4th Green Bonds
1.Details of the Green Bond
Bond name | Kyushu Railway Company 16th Issuance of unsecured bonds (with specific inter-bond pari passu clause) (Green Bond) |
---|---|
Tenor | 10 years |
Issue size | JPY10billion |
Offering date | December 5, 2023 |
Payment date | December 11, 2023 |
Interest rate | 1.103% |
Use of proceeds | Development of the area around Nagasaki Station |
Bond rating | AA-(Rating and Investment Information, Inc.(R&I)) |
2.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
3.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.
4.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 16th Issuance of unsecured bonds (Green Bond)
(as of the end of March 2024)