Business
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).
For Inquiries
Bond Section, Budget Division, Bureau of Finance
Phone: 03-5388-2683
Recommended for You
Tokyo “SusHi” Night in New York
November 14, 2024
Hosting the "Invest Tokyo Webinar 2024 for Oceania"
October 29, 2024
Tokyo Financial Award 2024: Announcement of Applicants Selected in the First Stage Screening for the Financial Innovation Category Support Program
November 11, 2024
Tokyo Green and Blue Bonds
January 23, 2024
Tokyo Social Bonds
January 23, 2024
Sustainable bonds
March 12, 2024
Tokyo Sustainability Bonds
August 27, 2024
Is Hill-Farmed Salmon Here to Save Us?
October 30, 2024
TMG Bond Investor Relations
September 26, 2024
The Tokyo Metropolitan Government Begins Accepting Applications from Candidate Companies for the Subsidy for Attracting GX-related Foreign Companies to the Tokyo Market (FY 2024)
May 30, 2024