Determination of Indicative Terms & Conditions of Tokyo Green Bonds (in foreign currency)

 

We have decided on the indicative terms and conditions of Tokyo Green Bonds (in foreign currency), Tokyo Metropolitan Government (TMG) bonds for individuals, as described below.

1 Indicative Terms & Conditions

Maturity (Currency) / Series no.

5 years (AUD) / Series 4

Issue Amount

AUD 139 million (equivalent to 10 billion Japanese Yen)

Interest Rate (before tax)

0.10% - 0.70% per annum (indicative)

• The indicative coupon range above is presented to the potential investors before the final terms and conditions are determined. The final coupon will be determined on the date when terms and conditions of the bonds are decided based on the market conditions, etc. (expected to be announced on Thursday, November 19)

Sale Price

100.00% of the principal amount

Offering Period

Friday, November 20 to Monday, December 7, 2020

• As a certain period of time may be required to open an account, please contact the financial institutions mentioned below in advance, before the offering period above begins..
• Bonds will be available for an offer while supplies last.

Date for Delivery

Tuesday, December 8, 2020

Date for Interest Payment

June 7 & December 7 in each year
(the payment will be made on the following business day in case the above date falls on a holiday)

• In Japan, the interest will be paid on or after the business day following the interest payment date.

Maturity Date

Friday, December 5, 2025

• In Japan, the redemption money will be paid on or after the business day following the maturity date.

Subscription Amount

Minimum amount of AUD 1,000, plus integer multiples of AUD 1,000

Maximum Subscription Amount

Up to AUD 500,000 per person or organization

Eligible Purchaser

Individuals who live, work, or go to a school in the Tokyo Metropolis, Saitama Prefecture, Chiba Prefecture or Kanagawa Prefecture or corporations or organizations whose offices are located in the areas mentioned above

• If the purchaser is a minor, the consent of a person with parental authority is necessary. For details, please contact an appropriate distributor.

2 Distributors

The bonds will be handled by the following financial institutions. For details, please directly contact an appropriate distributor.

• Mizuho Securities Co., Ltd. Phone. (for inquiries) 0120-324-390
• Daiwa Securities Co., Ltd. Phone. (for inquiries) 0120-010101
• Nomura Securities Co., Ltd. Phone. (for inquiries) 0570-077-000
• Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Phone. (for inquiries) 0120-532-346
• SMBC Nikko Securities Inc. Phone. (for inquiries) 0120-250-438

3 Notes

• As the price of the bonds fluctuate depending on the changes in interest rate standards in the market, there is a risk of loss if you redeem your bonds before their maturity.
• In the case the yen is stronger and Australian dollar weaker than they were when you purchased the bonds because of foreign currency exchange fluctuations, the value in yen of the bonds may become lower than the principal amount invested.
• The value of the bonds may fluctuate depending on the credit, business or asset status of TMG, the issuer. There is also a risk of delay in the payment of principal and/or interest as well as a risk of insolvency.
• There is a limit to the amount available for offer. Please contact an appropriate distributor early.
• Those who are considering the purchase of the bonds, shall read the entire document distributed by a distributor prior to making an actual purchase.
• The issuance schedule of the bonds is subject to change due to changes in the market conditions, etc.

4 Others

TMG fixes the conditions of the bonds at the time of issuance until maturity in Japanese yen. Therefore, there is no risk incurred due to the fluctuations in foreign exchanges for TMG.

※This press release is also available in other languages (日本語／中文／한국어).