November 22, 2023
Notice of Finalization of Terms for Green Bond
Subaru Corporation hereby announces that, in accordance with the Sustainability Finance Framework announced on October 30, 2023, it today finalized terms for the public offering of a green bond in the domestic market, as follows.
Overview of the Green Bond
| Name | 8th Series Unsecured Bond (with Inter-Bond Pari Passu Clause) (Green Bond) | 9th Series Unsecured Bond (with Inter-Bond Pari Passu Clause) (Green Bond) |
| Issue amount | ¥13 billion | ¥10 billion |
| Years to maturity | 7 years | 10 years |
| Interest rate | 1.059% | 1.403% |
| Date of finalization of terms | November 22, 2023 | |
| Paying-in date | November 29, 2023 | |
| Redemption date | November 29, 2030 | November 29, 2033 |
| Use of funds | Development and manufacture of BEVs*1, etc. | |
| Structuring agent | Mizuho Securities Co., Ltd. | |
| Lead underwriter securities companies | Mizuho Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., SMBC Nikko Securities Inc., Daiwa Securities Co. Ltd., Nomura Securities Co., Ltd. | |
*1: Battery Electric Vehicle
Corporate website on sustainability finance:
https://www.subaru.co.jp/en/ir/library/sustainability-finance.html
Investments announced in relation to the Green Bond
As of today, the following investors have announced their participation in the Green Bond:
List of investors who have announced their participation
| Asset Management One Co., Ltd. | Japan Agricultural TOUTO |
| THE ICHII SHINKIN BANK | The TONO SHINKIN BANK |
| IWASE SANGYO CO., Ltd. | The Toho Bank, Ltd. |
| The Osaka Shinkin Bank | THE NAGANO SHINKIN BANK |
| Kanonji Shinkin Bank | Nakahyogo Shinkin Bank |
| KITAMI SHINKIN BANK | Niigata-ken Labour Bank |
| Gifu Shoko Shinkumi Bank | Nissay Asset Management Corporation |
| KIRYU SHINKIN BANK | THE NUMAZU SHINKIN BANK |
| THE KURAYOSHI SHINKIN BANK | The Neo First Life Insurance Company, Limited |
| KONAN WOMEN’S ACADEMY | HANDA SHINKIN BANK |
| The Kobe Shinkin Bank | The Hiroshima Shogin Shinyoukumiai |
| THE SAIKYO BANK, LTD. | FukuokaShinkin Bank |
| THE SANJO SHINKIN BANK | Fukuoka Hibiki Shinkin Bank |
| Shizuoka Prefectural Credit Federation of Agricultural Cooperatives | Fukoku Mutual Life Insurance Company |
| The Gibraltar Life Insurance Co., Ltd. | Matsumoto Shinkin Bank |
| The Seto Shinkin Bank | THE MISHIMA SHINKIN BANK |
| Daitokyo Shinkumi Credit Cooperative | Sumitomo Mitsui Trust Asset Management Co., Ltd. |
| DAIDO SHINKUMI BANK | Meiji Yasuda Asset Management Company Ltd. |
| TAIYO LIFE INSURANCE COMPANY | The Yamaguchi Bank, Ltd. |
| TAKAMATSU SHINKIN BANK | YAMAGUCHI PREFECTURAL CREDIT FEDERATION OF AGRICULTURAL COOPERATIVES |
| Chiba Prefectural Municipal Development Public Interest Foundation | The Yamanashi Chuo Bank, Ltd. |
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