Issuance of Tokyo Green Bonds (in foreign currency)

 

The Tokyo Metropolitan Government (TMG) will issue the sixth series of Tokyo Green Bonds (in foreign currency) for individuals as described below in order to, through investment in environmental projects implemented by the TMG, promote the understanding of projects and stimulate uptake of environmental projects.

1 Issue Summary

Name

Tokyo Green Bonds (in foreign currency)

Maturity (currency)/Series No.

5 years (AUD)^(*1)/Series 6
*1 No yen-denominated TMG bonds will be issued for individuals this fiscal year.

Issue Amount

Equivalent to 10 billion Japanese Yen

Interest Rate ^(*2)

Announcement scheduled for Thursday December 8, 2022
(Announcement of tentative conditions scheduled for Friday November 25, 2022)
*2 Details will be released on the website of the Bureau of Finance as soon as they are determined.

Offering Period

Friday December 9 to Tuesday December 20, 2022

Subscription Amount

Minimum amount of AUD 1,000 in AUD 1,000 increments

Maximum Subscription Amount

Maximum of AUD 500,000 per person or organization

Delivery Date

Wednesday December 21, 2022

Maturity Date

Monday December 20, 2027

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

Interest Payment Date

Twice a year/20th of June and December

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

Eligible Purchasers

Individuals who live, work, or study in Tokyo, Saitama, Chiba or Kanagawa prefectures, or corporations or organizations whose main offices or places of business are in the areas mentioned

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

Representative Appropriation Projects

• Introduction of solar power generation in TMG facilities
• Development of riverbank protection facilities and retention basins
• Introduction of zero emission vehicles (ZEVs)

2 Distributors

The bonds will be handled by the following financial institutions. For details, please contact a distributor from Friday November 25, 2022.

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

 

3 Notes

• As the price of the bonds fluctuate depending on changes in interest rate levels in the market, there is a risk of loss if you redeem your bonds before their maturity.
• In the event that the Japanese Yen appreciates against the Australian Dollar due to exchange rate fluctuations, the value of the bonds converted into Japanese Yen may fall below the principal amount invested.
• The value of the bonds may fluctuate depending on the credit, business or financial status of the 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 a distributor as soon as possible.
• When considering the purchase of bonds, please be sure to read the document provided by the distributor prior to the conclusion of the contract.
• The issuance schedule of the bonds may be subject to change due to changes in market conditions, etc.

4 Other

• The TMG fixes the conditions of the bonds from issuance until maturity in Japanese yen at the time of issuance. Therefore, there is no risk incurred due to the fluctuations in foreign exchanges for the TMG.
• The Tokyo Green Bonds Framework, projects scheduled for appropriation, and evaluation reports by third-party organizations are published on the website of the Bureau of Finance.

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