Outline of the Green Bond
| Name | Fuyo General Lease Co., Ltd. No.17 unsecured corporate bonds (limited to corporate bonds with a special agreement on the same priority) (Green Bond) |
|---|---|
| Application period | October 26, 2018 |
| Payment date | November 2, 2018 |
| Issue duration | 5 years |
| Issuance amount | 10 billion yen |
| Coupon rate | 0.210% |
| Use of proceeds | The capital raised through the Green Bond will be used for the redemption of commercial paper issued to fund existing solar power generating facilities owned by the Company's subsidiary and for capital investment in solar power generating facilities under construction by the Company's subsidiary. |
| Ratings | Japan Credit Rating Agency, Ltd. (JCR): A Rating and Investment Information, Inc. (R&I): A- |
Third-party assessment of green bond eligibility
JCR green bond rating
Fuyo General Lease acquired a third-party rating from the Japan Credit Rating Agency, Ltd. (JCR) of Green 1, the highest score in the JCR Green Bond Rating system with regards to green bond eligibility.
Ministry of the Environment Financial Support Programme for Green Bond Issuance
The acquisition of a third-party rating makes the bond eligible for a subsidy from the Japanese Ministry of the Environment 2018 Financial Support Programme for Green Bond Issuance.
Announcement of investment in the Green Bond
These are the investors who have announced that they will invest in the Green Bond.
List of investors who have announced investment (Japanese alphabetic order)
(As of October 26, 2018)
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Oita Bank Co., Ltd.
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Saitama Medical University
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The Sugamo Shinkin Bank
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Tokio Marine Asset Management Co., Ltd.
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Nippon Densetsu Kogyo Co., Ltd.
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Higashi-Nippon Bank, Ltd.
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Sumitomo Mitsui Trust Asset Management Co., Ltd.
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Mitsubishi UFJ Kokusai Asset Management Co., Ltd.
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Mitsubishi UFJ Trust and Banking Corporation
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The Rokinren Bank
Reporting
Allocation of capital raised
It is planned to allocate the capital raised through the Green Bond to the redemption of commercial paper issued to fund existing solar power generating facilities owned by the Company's subsidiary and to capital investment in solar power generating facilities under construction by the Company's subsidiary.
Effect on improving the environment
The total annual effect on reduction of CO2 emissions from the eligible projects covered by the Green Bond will be 43,495 tons and total annual electricity generated will be 98,428MWh.
(Theoretical value based on output standard as of December 20, 2019)
Annual Review
As a result of an annual review by Japan Credit Rating Agency, Ltd. (JCR), compliance with the Green Bond Principles and the Ministry of the Environment's Green Bond Guidelines has been confirmed, and a JCR Green Bond Evaluation of "Green 1" has been obtained.
