Green Bond Fact Sheet
Tokyo Tatemono

Date: 03 April 2019

Issue date: 15/03/2019 Maturity date: 15/03/2059 Tenor: 40 years
Issuer NameTokyo Tatemono

Amount Issued

JPY50bn (USD448m)

Country of riskJapan

CBI Database

Included

Issuer Type1

Non-financial corporate

Bond TypeHybrid

Green Bond Framework

N

Second party opinion

N/A

Certification Standard

N/A

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

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

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Buildings☒ Certified Buildings☐ HVAC systems☒ Energy performance☒ Water performance☒ Energystorage/meters☒ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission vehicles☐ 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☐ Wastewater treatment☐ Water storage☐ Storm water mgmt
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energycapture☐ Energy performance☐ Infrastructure☐ Industry: components ☐Adaptation & resilience

Use of Proceeds☐ Land use &agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose & paper☐ Land remediation☐ Energy/waterefficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingTokyo Tatemono will disclose the status of the proceeds allocation on its website until
the unallocated funds are fully allocated. Reporting will be made regarding: Progressof Certification Acquisitions (during construction), 2) List of valid environmental
certifications, energy consumption, CO2 emissions, and water consumption (aftercompletion).

Company information

Founded in 1869, and listed on the Nikkei 225, Tokyo Tatemono develops, sells, andmanages commercial and residential buildings in JapanFirsts, records andcertifications

Green 1 rating in the JCR Green Bond Evaluation (highest in this scale).

Proceeds description

By far the largest issuance from Japan in 2019 (second largest is JPY10bn).
The proceeds are to be used to finance / refinance green buildings, including theacquisition and construction of Hareza Ikebukuro Toshima and Nakano Central Park
South. The green finance framework defines eligibility criteria as 4 or 5 stars under
DBJ’s Green Building Certification, Rank S or A under CASBEE for Building (NewConstruction), or 4 or 5 stars under BELS Certification.

Climate Bonds view

This bond is the largest Japanese deal in 2019, and the granularity of information
presented in the Green Bond Assessment shows the issuer’s commitment to comply
with best practice disclosure. Tokyo Tatemoto is a welcome addition to Japan’s rapidly
growing pool of green bond issuers in the buildings sector. Furthermore, the building
certification levels are at the high end, demonstrating ambition.

Underwriters

Mizuho, Daiwa

Deal comments
Credit Rating

BBB (JCR)

Pricing summary

2.15% Interest rate

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