Green Bond Fact Sheet

M&C Tottori Hydroelectric Power Co., Ltd.

Date: 03/09/2020

Issue date: 31-07-2020 Maturity date: 25-10-2043 Tenor: 23.2
Issuer name

M&C Tottori
Hydroelectric PowerCo., Ltd.

Amount issued

JPY15.7bn/USD144.3m

Country of riskJapan

CBI Database

Included

Issuer type1

Loan

Bond type

Loan

Green bond framework

Link to Green Loan
Framework

Second party opinion

Certification Standard

Not certified

Assurance report

N/A

Certification verifier

N/AGreen bond rating

R&I (Japan) (GA1)☒ 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☐ Energy performance☐ 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☐ Wastewater
treatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components ☐Adaptation & resilience

R&I (Japan)

Use of Proceeds☐ 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
ReportingCompany information

Firsts, records andcertifications

The reporting of the green loan will be made once a year to the investors (and R&I). Itincludes the reporting of allocation status of proceeds and impact reporting (annual power
generation, annual reduction in CO2 emission etc.).

M&C Tottori Hydroelectric Power Co., Ltd. is a special purpose company established in May
2020 and is a joint venture of 4 sponsors. Marubeni subsidiary Mibugawa Electric PowerCo., Inc, Chubu Electric Power C o., Inc. and Chubu Co., Ltd., Miho Technos Co., Ltd.
invested in 47.2%,47.2%,2.8% and 2.8% respectively. The consortium won a bid to the 20year rights to 4 dam-conduit type hydro plants operated by Tottori prefecture. Operationby the company will start on September 1st, 2020.
First Japanese hydro private finance initiative (PFI) debt.

Proceeds description

Redevelopment cost of hydropower plants in the Tottori Prefectural.

Climate Bonds viewCBI welcomes Japan’s this hydro private finance initiative. In this case, the project is toextend the life of existing hydroelectric power stations and improve their power generation
performance. The project is funded by a syndicate loan led by Sumitomo Mitsui Banking
Corporation, showing that syndicated loans are vital in financing infrastructure projects.

Underwriters
Deal comments
Credit rating
Pricing summary
Investors summary
1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign