Frequently Asked Questions for Investors

You can refer to the following link.
Page of Public Offered Bond Issue Plan

Currently, Yokohama Municipal Bonds issue only municipal bonds for institutional investors, and does not issue municipal bonds for individual investors.

ESG (Environment, Social, Governance) bonds are bonds that raise funds for businesses aimed at resolving 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). On December 20, 2022, the city also issued its first ESG bond in Yokohama.
For more information, please refer to the following link.
ESG Bonds Page

The payment of principal and interest of municipal bonds has an extinction effect, as with government bonds and other bonds. In the case of the principal, 10 years have passed since the redemption date for the principal and interest payment date for interest, the expiration date is completed (according to the provisions of Article 5-6 of the Local Finance Law and Article 705, Paragraph 3 of the Companies Act) The principal and interest will not be paid for municipal bonds whose expiration date has been completed.

[Article 5-6 of the Local Finance Law (Act No. 199 of 1948)]

Article 5-6 The provisions of the Society Act (Act No. 86 of 2005) Article 683, 711, Article 755, paragraphs (1) to (3) and Article 79 of the Companies Act (Act No. 86 of 2005) apply mutatis mutandis to local bonds set forth in paragraph 1 of the preceding Article. In this case, in these provisions, the term "company" means "local government", "corporate bond book caretaker" refers to "municipal bond book caretaker", and "corporate bond manager" refers to "municipal bond manager" refers to "the person entrusted with the offer or management of municipal bond" and "the bond holder" is read as "municipal bond holder".

[Article 705 of the Companies Act (Act No. 86 of 2005)]

Article 75 A corporate bond manager has the authority to receive payment of claims relating to corporate bonds or to perform any court or out-of-trial acts necessary to preserve the realization of the receivables relating to corporate bonds.

In the event that the Bond Manager has received the payment set forth in the preceding paragraph, the Bondee may request the Bond Manager to pay the redemption amount and interest of the bonds. In this case, if there is a provision to issue a bond issue, the bond holder shall request the payment of the redemption amount in exchange for the bonds and the payment of such interest in exchange for interest bills.

The right to claim pursuant to the provisions of the preceding paragraph of the preceding paragraph shall expire upon expiration of the statute of limitations if it is not exercised for ten years from the time it can be exercised.

(4) The Bond Manager may, with the permission of the court, investigate the business and property of the Bond Issuer Company, with the permission of the court, investigate the business and property of the Bond Issuer Company, with the permission of the court.