Announced details
Tokyu's railway business. Introduction of new rolling stock and rolling stock renewal, improvements to railway comfort and convenience, safety investments, clean transportation, and climate change and natural disaster measures.
Daiwa Securities Co., Ltd. served as Structuring Agent and lead manager for these Tokyu bonds. No capital or personnel relationship between Daiwa Securities Group Inc. and Tokyu is stated. JCR conducted a third-party evaluation of the framework's compliance.
Tokyu Corporation's location, representative, capital, and year of establishment are not stated. JCR is a third-party evaluation agency. ICMA is the organization that establishes the Green Bond Principles.
JCR Sustainability Finance Framework Evaluation: SU 1 (F)
Japan Credit Rating Agency, Ltd. (JCR)
Total issue amount: ¥45.0 billion (¥15.0 billion for the 24th issue and ¥30.0 billion for the 25th issue)
¥100 per ¥100 face value of each bond. The annual interest rate is 2.857% for the 24th issue and 3.263% for the 25th issue.
The company does not address Impact on Business Performance.
International Capital Market Association (ICMA) Green Bond Principles 2025 and the evaluation by Japan Credit Rating Agency, Ltd. (JCR)
24th issue: 7 years; 25th issue: 10 years
24th issue: 16 September 2033; 25th issue: 16 September 2036
AA（JCR）、AA-（R&I）
| Item | Details |
|---|---|
| Names of Products / Services Covered | Tokyu Corporation 24th Unsecured Corporate Bonds (with a special pari passu covenant limited to other bonds) (Green Bonds), Tokyu Corporation 25th Unsecured Corporate Bonds (with a special pari passu covenant limited to other bonds) (Green Bonds), Structuring Agent services, Lead manager services |
| Counterparty | 東急株式会社, Japan Credit Rating Agency, Ltd. (JCR), International Capital Market Association (ICMA) |
| Counterparty overview | Tokyu Corporation's location, representative, capital, and year of establishment are not stated. JCR is a third-party evaluation agency. ICMA is the organization that establishes the Green Bond Principles. |
| Relationship with the Company | Daiwa Securities Co., Ltd. served as Structuring Agent and lead manager for these Tokyu bonds. No capital or personnel relationship between Daiwa Securities Group Inc. and Tokyu is stated. JCR conducted a third-party evaluation of the framework's compliance. |
| Contract Value | Total issue amount: ¥45.0 billion (¥15.0 billion for the 24th issue and ¥30.0 billion for the 25th issue) |
| Offering price | ¥100 per ¥100 face value of each bond. The annual interest rate is 2.857% for the 24th issue and 3.263% for the 25th issue. |
| Launch date | Payment date: 16 September 2026 (scheduled) |
| Applicable area | Tokyu's railway business. Introduction of new rolling stock and rolling stock renewal, improvements to railway comfort and convenience, safety investments, clean transportation, and climate change and natural disaster measures. |
| Award/certification name | JCR Sustainability Finance Framework Evaluation: SU 1 (F) |
| Awarding / certifying body | Japan Credit Rating Agency, Ltd. (JCR) |
| Source | International Capital Market Association (ICMA) Green Bond Principles 2025 and the evaluation by Japan Credit Rating Agency, Ltd. (JCR) |
| Issue tenor | 24th issue: 7 years; 25th issue: 10 years |
| Redemption date | 24th issue: 16 September 2033; 25th issue: 16 September 2036 |
| Credit ratings obtained | AA（JCR）、AA-（R&I） |
Items this document does not state (7)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To fund new or refinance existing expenditures related to the introduction of new rolling stock and rolling stock renewal in Tokyu's railway business, improvements to railway comfort and convenience, safety investments related to the railway business, and natural disaster measures.