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Fifth Series of Seibu Holdings Inc. Unsecured Straight Bonds (Green Bonds)

Overview of Fifth Series of Seibu Holdings Inc. Unsecured Straight Bonds (Green Bonds)

In June 2021, Seibu Holdings issued Green Bonds, the second issuance of such bonds carrying on from the fourth series of unsecured straight bonds.
A Green Bond is a bond issued by companies and local public entities, etc. to procure the funding required for green projects, such as environmental improvement projects, renewable energy projects, the construction or refurbishment of energy-efficient buildings, prevention and management of environmental pollution, and so on.
By issuing Green Bonds, in addition to further diversifying our funding methods, we will contribute to the building of a sustainable society by providing a clean means of transportation.

Name of bonds Fifth Series of Seibu Holdings Inc. Unsecured Straight Bonds
(With Inter-Bond Pari Passu Clause) (Green Bonds)
Issue date June 16, 2021
Date of determination of issuance terms June 9, 2021
Issued term 5 years
Total amount of issuance 10 Billion Yen
Use of funds Repayment of the costs for introducing the new energy-saving train cars
Press release Notice of Determination of Terms of Issuance for Fifth Series of Unsecured Straight Bonds (Green Bonds)
Bond rating A- (Japan Credit Rating Agency, Ltd.)
A- (Rating and Investment Information, Inc.)

Third-Party Evaluation of Green Bond Eligibility

In order to issue the Green Bonds, the Group established a Green Bond framework in accordance with the Green Bond Principals (2018) and the Green Bond Guidelines (2020). In addition, the Group acquired a third-party evaluation from the Japan Credit Rating Agency, Ltd. (JCR) of Green 1, the highest score in the JCR Green Bond Rating system awarded for green bond eligibility.
In its evaluation of the Green Bonds, JCR also commented favorably on the contribution by the bond to achieving SDGs.

List of investors who have declared their investments in the Green Bonds

These are the investors who have declared that they will invest in the fifth series of unsecured straight bonds (Green Bonds).
(As of June 16, 2021, alphabetical order)

Asset Management One Co., Ltd.
Bizen Hinase Shinkin Bank
The Dai-ichi Life Insurance Company, Limited
The Kita Osaka Shinkin Bank
Midori Life Insurance Co., Ltd.
Nagano Prefectural Credit Federation of Agricultural Cooperatives
Nagoya Broadcasting Network Co.,Ltd.
Ryobi Shinkumi Bank
The Seiwa Credit Cooperative
The Shiba Shinkin Bank
Sumitomo Mitsui Trust Asset Management Co., Ltd.
Tokio Marine & Nichido Fire Insurance Co., Ltd.
Tokio Marine Asset Management Co., Ltd.
The Yamanashi Chuo Bank, Ltd.


① Allocation reporting (fund allocation report)

The entire value of the funds sourced on June 16, 2021 has been allocated to refinancing existing capital investments (related to the introduction of new energy-saving train cars), including that for the fiscal year in which the issue was made.

Funds in hand after issuing expenses have been deducted from the issue value of the bonds
Target for fund allocation   Value of fund allocation
New energy-saving train car Part of the cost of the new “Laview“ limited express train (seven units) 5.9 Billion Yen
Part of the cost of the new “40000-Series“ commuter train (four units) 4.0 Billion Yen
Total 9.9 Billion Yen

② Environmental improvement effects (impact report)

The environmental improvement effects generated by projects eligible for funding allocation from these Green Bonds are as follows.

※FY2022 results
Eligible projects   Reductions in CO2 emissions per km of transportation
New energy-saving train car New “Laview“ limited express train (per unit) 6,147
New “40000-Series“ commuter train (per unit) 4,888