ENEOS : Announcement on Issuance of ENEOS Green Bonds (Unsecured Straight Bonds) （PDF：330.7 KB）

November 25, 2020

ENEOS Holdings, Inc.

Announcement of Issuance of ENEOS Green Bonds (Unsecured Straight Bonds)

ENEOS Holdings, Inc. (President: Ota Katsuyuki) ("ENEOS") announces the issuance of ENEOS Green Bonds, funded for green projects, such as renewable energy businesses.

By means of diversified financing, such as green bonds1, and the pursuit of a stable, efficient supply of environmentally friendly energy, ENEOS will contribute to the formation of a low-carbon,recycling-oriented society, as stated in the Group Long-Term Vision to 20402 and the Group Second Medium-Term Management Plan (FY2020-2022)3.

Summary of Issue

1.	Series	ENEOS Holdings, Inc.
		The 3rd series of unsecured bonds
		(with inter-bondpari-passu clause) (Green Bonds)
2.	Total amount of issue	15 billion yen
3.	Denomination	100 million yen
4 . A p p l i c a t i o n o f t h e L a w	The unsecured pari-passu bonds are subject to the
Concerning Book-Entry Transfer of	application of provision of the Law Concerning
Corporate Bonds, etc.	Book-Entry Transfer of Corporate Bonds, etc.
5.	Issue price	100 yen per face value 100 yen
6.	Redemption price	100 yen per face value 100 yen
7.	Interest rate	0.020%
8.	Redemption date	December 1, 2023
9.	Offering period	November 25, 2020
10. Payment date	December 1, 2020
11.	Offering method	General offering
12. Redemption method	(1) Maturity date
		The principal of the unsecured pari-passu
		bonds shall be redeemed in a lump sum on the
		redemption date.
		(2) Retirement by purchase
		The issuer may repurchase the unsecured pari-
		passu bonds on or after the day after the
		payment date.

Public Relations Dept. Public Relations Group 1-1-2 Otemachi Chiyoda-ku Tokyo 100-8161 TEL [phone] www.hd.eneos.co.jp/english

Factor 1： Usage of funds

		The unsecured pari-passu bonds are neither
13.	Collateral and guarantees	secured by any collateral nor guaranteed, and
there are no particular assets reserved for the
		payment of unsecured pari-passu bonds.
14.	Fiscal covenants	A collateral provision restriction clause (inter-bond
		pari-passu clause) is attached.
15.	Interest payment date	June 1 and December 1 each year
16.	Rating	"AA-" from Japan Credit Rating Agency, Ltd. and
"A+" from Rating and Investment Information, Inc.
17.	Underwriter	Mizuho Securities Co., Ltd. and
Nomura Securities Co., Ltd.
18.	Book-entry transfer institution	Japan Securities Depository Center, Inc.
19. Fiscal, issuing and paying agent	Mizuho Bank, Ltd.
20.	Green bond structuring agent4	Mizuho Securities Co., Ltd.

Summary of ENEOS Green Bonds framework

To issue the green bonds, the green bonds framework, consisting of the following four factors, has been made to satisfy the conformity of the green bonds.

The funds will be allotted to the loan toward subsidiary as the refinancing of construction costs of a biomass power generation plant in Muroran, Hokkaido.

-ENEOS Biomass Power Muroran G.K., a jointly established company with JGC HOLDINGS CORPORATION, constructed the biomass power generation plant. It has been operating since May 2020.

-The Muroran biomass power generation plant, which features highly efficient operations with attention to the environment, is one of the largest wood-biomass-fueled power generation facilities in Japan. Through this project, ENEOS is contributing to the development and revitalization of the local communities in a safe and stable manner.

Public Relations Dept. Public Relations Group 1-1-2 Otemachi Chiyoda-ku Tokyo 100-8161 TEL [phone] www.hd.eneos.co.jp/english

Factor 2：		Based	on	the ENEOS Group corporate	philosophy and
	environmental policies, the project was evaluated and selected by
Evaluation	and
selection		the Finance & Investor Relations Department through discussion
process of	the	among	the	Power Business Department, the	ESG Strategy
green project	Development Department and other related departments, and the
		management meeting.
Factor 3：
Management of	The funds are managed through the ENEOS accounting system.
funds
		1. Reporting of funding status
		From the period of green bonds issuance to that of allotment
		completion, the funding status will be disclosed on the ENEOS
		website annually, to the extent possible as determined by ENEOS.
Factor 4：		2. Reporting of impact
Reporting		From the period of issuance of green bonds to that of redemption,
		the environment effects will be annually disclosed on environment
		ENEOS website, using the "the amount of electricity generated
		(transmission end output) and the amount of CO2 reduced" index, to
		the extent possible as determined by ENEOS.

Summary of Conformity Assessments

GNV GL Business Assurance Japan K.K. 5, a second-party rating company, confirms that ENEOS Green Bonds are eligible for the following criteria and guidelines.

Criteria / Guidelines	Issuer
Green Bond Principles, 20186	International Capital Market Association
The Green Bond Guidelines, 20207	the Japanese Ministry of the Environment

Please access <https://www.dnvgl.jp/Images/20201110_ENEOS_Holdings> to refer the details of conformity assessments.

Moreover, the assessments of the green bonds are eligible for subsidy from the Ministry of the Environment's FY2020 Financial Support Program8.

Public Relations Dept. Public Relations Group 1-1-2 Otemachi Chiyoda-ku Tokyo 100-8161 TEL [phone] www.hd.eneos.co.jp/english

1. Bonds issued to raise funds needed for green projects (such as renewable energy projects) that will contribute to the solution of environmental problems
2. Group Long-Term Vision to 2040 https://ssl4.eir-parts.net/doc/5020/ir_material5/116215/00.pdf
3. Group Second Medium-Term Management Plan (FY2020-2022)https://ssl4.eir-parts.net/doc/5020/ir_material5/141882/00.pdf
4. Supports the issuance of green bonds by giving advice on the formulation of green bond frameworks and on obtaining second-party opinions
5. The second party organization which provides services such as green bonds conformity assessments.
6. The principle of green bonds issued by the Green Bond Principles Executive Committee, a nongovernment organization, whose secretariat function is administrated by ICMA (International Capital Market Association) .
7. The Guidelines, in accordance with the Green Bond Principles, which is a widely accepted international green bond market, provide issuers, investors, and other market participants with illustrative examples of specific approaches and interpretations which are tailored to Japan's bond market to aid with decision-making regarding green bonds.
8. Subsidies will be provided for the expenses that are required by those who support companies, municipalities and other bodies who seek to issue green bonds, in the form of granting external reviews, consultation on establishing green bond frameworks, etc.

Notice: The purpose of this press is to announce the issuance of ENEOS Green Bonds to the public. It is not announced for investment solicitation or any sort of similar acts.

Public Relations Dept. Public Relations Group 1-1-2 Otemachi Chiyoda-ku Tokyo 100-8161 TEL [phone] www.hd.eneos.co.jp/english