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ESG bonds

Last Updated March 28, 2024

What are ESG bonds?

ESG (Environment, Social, Governance) bonds are bonds that raise funds for businesses aimed at solving environmental and social issues.
There are categories such as green bonds (environmental bonds), social bonds (social contribution bonds), and sustainability bonds (bonds that include both green and social elements).

Sustainability Bonds

Issued in FY2023

Following the issuance in FY2022, we will continue to issue sustainability bonds in FY2023.
On November 6, 2023, we updated the issue policy of Yokohama City Sustainability Bond Framework, and obtained second opinion from an independent evaluation organization.
In order to meet the needs of a wide range of investors, we issued five-year, 10, and 30-year bonds at the same time, and were purchased by many investors.

FY2023 ESG bonds (Sustainability Bonds)

Nomura Securities Co., Ltd. and Mizuho Securities Co., Ltd.

Outline of issuance (publicly offered bonds for institutional investors)

Yokohama City 62nd 5th Year Public Offered Bonds (Sustainability Bonds)
Maturity	5-year maturity
Amount issued	5 billion yen
Surface interest rate	0.393％
Condition date	Wednesday, December 13, 2023 (Reiwa 5)
Date of issue	Friday, December 22, 2023 (Reiwa 5)
Redemption Date	Friday, December 22, 2028 (Reiwa 10)
Other materials	Yokohama City's 62nd 5th Year Public Offered Public Bonds (Sustainability Bonds) Issue Guidelines (PDF: 141KB) Yokohama City's 62nd 5th year Public Offered Public Bonds (Sustainability Bonds) Project to be allocated (PDF: 161KB)

Yokohama City 2023 Second Public Offered Public Bonds (Sustainability Bonds)
Maturity	10-year maturity
Amount issued	3 billion yen
Surface interest rate	0.817％
Condition date	Wednesday, December 13, 2023 (Reiwa 5)
Date of issue	Friday, December 22, 2023 (Reiwa 5)
Redemption Date	Thursday, December 22, 2033 (Reiwa 15)
Other materials	Yokohama City 2023 Second Public Offered Public Bonds (Sustainability Bonds) Issuance Guidelines (PDF: 47KB) Yokohama City 2023 Second Public Offered Public Bonds (Sustainability Bonds) Project to be allocated (PDF: 141KB)

Yokohama City 29th 30th Anniversary Public Offered Public Offering (Sustainability Bonds)
Maturity	Batch due 30-year maturity
Amount issued	5 billion yen
Surface interest rate	1.827％
Condition date	Wednesday, December 13, 2023 (Reiwa 5)
Date of issue	Friday, December 22, 2023 (Reiwa 5)
Redemption Date	Friday, September 19, 2053 (Reiwa 35)
Other materials	Yokohama City 29th 30th Year Public Offered Public Bonds (Sustainability Bonds) Issuance Guidelines (PDF: 45KB) Yokohama City 29th 30th year Public Offered Loans (Sustainability Bonds) Project to be allocated (PDF: 138KB)

Yokohama City Sustainability Bond Framework (November 6, 2023) (PDF: 238KB)
2nd opinion (November 6, 2023, Rating and Investment Information Center Co., Ltd.) (PDF: 4,725KB)
※The second opinion is expressed by the evaluation organization and does not represent the city's opinion.
List of investment statements (as of March 28, 2024: 50 companies) (PDF: 479KB)

Issued in FY2022

On October 14, 2022, Yokohama City announced its issuance policy, Yokohama City Sustainability Bond Framework, which is the first issue of ESG bonds, and obtained second opinion from an independent evaluation organization.
Based on market needs, such as increasing interest in ESG investment in financial markets, Yokohama City has issued its first sustainability bond, the first ESG bond.

Previous press release materials

We aim to issue Yokohama's first ESG bonds! (Apr. 14, 2022)
Yokohama's first ESG bond (Sustainability Bond) will be issued in December (November 10, 2022)
The terms and conditions for issuance of Yokohama's first ESG bonds (Sustainability Bonds) have been determined (December 9, 2022) (2022).

Outline of issuance

Yokohama 60th Five-Year Public Offered Bonds (Sustainability Bonds)
Maturity	5-year maturity
Amount issued	¥8.5 billion
Surface interest rate	0.259％
Condition date	Friday, December 9, 2022 (Reiwa 4)
Date of issue	Tuesday, December 20, 2022 (Reiwa 4)
Redemption Date	Monday, December 20, 2027 (Reiwa 9)
Other materials	Yokohama City 60th Five-Year Public Offered Public Bonds (Sustainability Bonds) Issue Guidelines (PDF: 140KB) Yokohama 60th 5th year Public Offered Public Bonds (Sustainability Bonds) Project to be allocated (PDF: 133KB)

Yokohama City 28th 30th Public Offered Public Bonds (Sustainability Bonds)
Maturity	Batch due 30-year maturity
Amount issued	¥1.5 billion
Surface interest rate	1.534％
Condition date	Friday, December 9, 2022 (Reiwa 4)
Date of issue	Tuesday, December 20, 2022 (Reiwa 4)
Redemption Date	Friday, September 20, 2052 (Reiwa 34)
Other materials	Yokohama City 28th 30th Public Offered Public Bonds (Sustainability Bonds) Issuance Guidelines (PDF: 42KB) Yokohama City 28th 30th year Public Offered Public Bonds (Sustainability Bonds) Project (PDF: 141KB)

Yokohama City Sustainability Bond Framework (October 14, 2022) (PDF: 228KB)
2nd opinion (October 14, 2022, Rating and Investment Information Center, Inc.) (PDF: 3,039KB)
※The second opinion is expressed by the evaluation organization and does not represent the city's opinion.
List of investment statements (as of December 20, 2022: 12 companies) (PDF: 173KB)

Impact Report

On November 6, 2023, we published the Impact Report for FY2022 bond issuance.
Yokohama City Sustainability Bond Impact Report (issued in FY2022) (PDF: 2,002KB) (November 6, 2023)

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