Sustainable Finance

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.

Sustainability Bond Framework （356KB）
Second Party Opinion （765KB）

2021
2020
Reporting

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 proceeds	The 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		December 4, 2020
Issue date	December 10, 2020		December 10, 2020
Maturity date	December 10, 2025	December 10, 2030
Bond rating	AA-(Japan Credit Rating Agency (JCR)) A+(Rating and Investment Information (R&I))
Use of proceeds	The 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）