Toyobo : Notice of Determination of Terms and Conditions of Sustainability-Linked Bonds (213KB)

	December 1, 2023
To whom it may concern,
Name of company:	Toyobo Co., Ltd.
Name of representative:	Ikuo Takeuchi,
	President & Representative Director
(Stock code: 3101, Prime Market of the Tokyo Stock Exchange)
Contact:	Hidekazu Takahashi, General Manager,
	Finance Department
	(TEL [phone])

Notice of Determination of Terms and Conditions of Sustainability-Linked Bonds

Toyobo Co., Ltd. ("Toyobo," hereafter) hereby announces that it decided today (December 1, 2023) the terms and conditions of Toyobo Co., Ltd. 45th unsecured straight bonds (with limited inter-bond pari passu clause) (Sustainability-Linked Bonds) announced on November 10, 2023.

1. Outline of Sustainability-Linked Bonds

(1)	Name of the bonds	Toyobo Co., Ltd. 45th unsecured straight bonds (with
			limited inter-bond pari passu clause)
			(Sustainability-Linked Bonds)
(2) Issuance amount	10.0 billion yen
(3)	Amount of each bond	100 million yen
(4)	Application of the Act on Transfer of Bonds, etc.	The bonds are subject to application of the provision
			of the Act on Transfer of Bonds and Shares, etc.
(5)	Interest rate	0.804%/year
(6)	Paid-in amount	100 yen for 100 yen of the amount of each bond
(7)	Maturity amount	100 yen for 100 yen of the amount of each bond
(8)	Paid-in date	December 7, 2023
(9)	Maturity date	December 7, 2028
(10)	Plan of distribution	Public offering
(11)	Guarantees	There are no securities or guarantees on the bonds
			and there are no assets especially withheld for the
			bonds.
(12)	Financial special terms	Negative Pledge is subjected.
(13)	Interest payment date	The 7th of June and December of every year
			(First date of interest payment: June 7, 2024)
(14)	Acquired rating	Japan Credit Rating Agency, Ltd. / A
(15)	Underwriters	SMBC Nikko Securities Inc.
			Mizuho Securities Co., Ltd.
			Nomura Securities Co., Ltd.
			Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

(16)	The subscription handling office	Underwriters' headquarters and branches in Japan
(17)	Fiscal agent	Sumitomo Mitsui Banking Corporation
(18)	Transfer agent	Japan Securities Depository Center, Incorporated
(19)	KPI	1) Ratio of reduction of Scope 1 and 2 GHG emission
		intensity to net sales of Toyobo Group
		2) CDP score (climate change response)
(20)	SPTs	1) Ratio of reduction of GHG emission intensity to
		net sales in FY 3/28 (compared with the base fiscal
		year FY 3/21): 35.0%
		2) CDP score (climate change response) of "A-" or
		higher in FY 3/28
(21)	Date for judging SPTs	The final day of October 2028
(22)	Characteristics of the bonds	In the event that neither SPT 1) nor SPT 2) are
		achieved by the judgment date, Toyobo will purchase
		emission credits (credit/bond for the value of CO2
		reduction) equivalent to 0.1% of the amount of issued
		bonds by the redemption of the bonds. In the event
		that Toyobo is unable to select the option of
		purchasing emission credits due to the occurrence of
		an inevitable matter, etc. (changes to provisions of
		the trading system, etc.), it will donate to qualified
		charities (public interest incorporated association,
		public interest incorporated foundation, international
		institution, local government authorized NPO, local
		government or equivalent organization for the
		purpose of environmental conservation activities).
		The emission credit purchase amount or donation
		amount will be equivalent to 0.07% of the amount of
		issued bonds if only SPT 1) is not achieved, and
		equivalent to 0.03% of the amount of issued bonds if
		only SPT 2) is not achieved.
(23)	External evaluation	Toyobo obtained a third party opinion	from the
		independent external institution Japan Credit Rating
		Agency, Ltd. regarding confirmation that these bonds
		conform with the Sustainability-Linked Bond
		Principles, Sustainability-Linked Loan Principles,
		Sustainability-Linked Bond Guidelines, and
		Sustainability-Linked Loan Guidelines.

2. Investors that announced their investments

Please see the following investors that have announced their investments in the Sustainability-Linked Bonds (in the order of Japanese syllabary)

The Aichi Bank, Ltd.

Asset Management One Co., Ltd.

Ibaraki Prefectural Credit Federations of Agricultural Cooperatives

UEDA SHINKIN BANK

THE KYOTO CHUO SHINKIN BANK

Saitama Medical University

The Sawayaka Shinkin Bank

SHIGAKEN SHINYOUNOUGYOUKYOUDOUKUMIAIRENNGOUKAI

Shizuoka Prefectural Credit Federation of Agricultural Cooperatives

The Johnan Shinkin Bank

SUMITOMO LIFE INSURANCE COMPANY

Takaoka Shinkin Bank

Choshi Shoko Shinkumi Bank

The Tono Shinkin Bank

THE TOWA BANK, LTD.

Nakanogou Credit Cooperative

NAGANO SHINKIN BANK

Nakahyogo Shinkin Bank

Nagoya Broadcasting Network Co., Ltd.

Nissay Asset Management Corporation

THE FUJI SHINKIN BANK

Matsumoto Shinkin Bank

Mie Prefectural Credit Federation of Agricultural Cooperatives

Mitsui Sumitomo Insurance Company, Limited

The Yamaguchi Bank, Ltd.

Yuki Shinkin Bank