Green Bond Fact Sheet

Odakyu Electric Railway Co Ltd

Date: 31-Jan-2019

Issue date: 31-Jan-2019 Maturity date: 25-Jan-2022 Tenor: 3Issuer Name

Odakyu Electric
Railway Co Ltd

Amount Issued

JPY10bn (USD92m)

Country of riskJapan

CBI Database

Included

Issuer Type1

Non-FinancialCorporates

Bond Type

Senior unsecured

Green Bond Framework

N/A

Second party opinion

Sustainalytics

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

Green 1 (JCR)☐ Energy☐ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Buildings☐ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☒ Transport☐ Electric vehicles☐ Low emissionvehicles☐ Bus rapid transit☒ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☒ Energy performance☐ Transport logistics☒ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
Reporting

The issuer will annually publish proceed and impact reporting. Impact
reporting will include indicators such as CO2 reduction per km, noise andvibration reduction (the implementation rate of soundproof wheels, fully
enclosed motors, low noise type compressors, and skid preventing devices),
improvement of the average delay time and the number of delayed trains,improvement of the average congestion rate, progress of platform extension,
progress of installation of platform screen doors, and station greening
activities.

Company information

Odakyu Electric Railways Co Ltd is a Japanese company which provides
transportation services, headquartered in Shinjuku-ku, Tokyo. The company
has four reportable segments including, Transportation, Merchandising,
Real Estate and other businesses. The Transportation segment provides
services through railway, bus, taxi, sightseeing boat, ropeway and cable car.
The Merchandising segment operates department stores and supermarkets.
The Real Estate segment is engaged in the sale of land and buildings, leasingof buildings and others. (source)Firsts, records andcertificationsFirst Japanese debut issuer of 2019.

Proceeds description

The deal is expected to finance new or renewed electric trains, theconstruction of a multiple double track project and renovation of stations,
including the cost of platform extension, installation of platform screen
doors and station greening activities.

Climate Bonds viewAs of end of 2018, Japan’s green bond market reached a cumulative total of
USD9.7bn with 2018’s issuance volume representing 22% growth year-onyear.
MUFG

Underwriters
Deal comments
Credit Rating

AA- (JCR)

Pricing summary
Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign