Subaru : Notice of Finalization of Terms for Green Bond
November 21, 2023
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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
9th Series Unsecured Bond (with
Inter-Bond Pari Passu Clause) (Green
Inter-Bond Pari Passu Clause) (Green
Bond)
Bond)
Issue amount
¥13 billion
¥10 billion
Years to maturity
7 years
10 years
Interest rate
1.059%
1.403%
Date of finalization of
November 22, 2023
terms
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
Mizuho Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.,
Corporate website on sustainability finance: https://www.subaru.co.jp/ir/library/sustainability-finance.html (Japanese)
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
Fukoku Mutual Life Insurance Company
Agricultural Cooperatives
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
The Yamanashi Chuo Bank, Ltd.
Interest Foundation
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Subaru Corp. published this content on 22 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2023 09:30:30 UTC.
Subaru Corporation specializes in the production and marketing of automotive vehicles. The group also develops aeronautical construction activity. Net sales (including intragroup) break down by activity as follows:
- sale of vehicles (96.7%): mini-cars and individual cars (860,000 units sold in 2020/21; brands Legacy, Impreza, Forester, Exiga, etc.);
- sale of aircrafts (3.1%);
- other (0.2%): primarily manufacturing of industrial equipment (engines, pumps, electric generators, etc.).
Net sales break down geographically as follows: Japan (17.6%), Asia (3.3%), North America (73.6%), Europe (1.9%) and other (3.6%).
SUBARU CORPORATION 
