Green Bond Fact Sheet

Tokyu Fudosan Holdings Corp

Date: 06/02/2020

Issue date: 23-01-2020 Maturity date: 23-01-2025 Tenor: 5Issuer Name

Tokyu Fudosan
Holdings Corp

Amount Issued

JPY10bn/USD91m

Country of riskJapan

CBI Database

Included

Issuer Type1

Non-FinancialCorporate

Bond TypeSr Unsecured

Green Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

JCR (Green 1)☒ 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
☐ Flood protection☐ 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 plans to disclose the allocation status of the Bonds and the response in the eventof unallocated funds arising prior to the redemption of the Bonds on its website. It also plans
to disclose several relevant impacts for both types of project once a year on its website.

Company information

Tokyu Fudosan Holdings Corporation is a real estate holding company established in 2013.
Subsidiaries under the Company’s umbrella include TLC, Tokyu Community, Tokyu Livable
and affiliates such as Tokyu Hands Inc. The business portfolio currently consists of several
segments: (i) Urban Development which is engaged in development, leasing andmanagement of office buildings and commercial facilities and sales of buildings and otherproperties, (ii) Residential segment which sells condominiums and detached housings, and(iii) Property Management which provides management, maintenance and repairs services
for condominiums and buildings.

Firsts, records andcertificationsFirst issuance by a non-financial corporate in Japan in 2020, and the first from Japan tofinance multiple UoP categories (in 2020).

Proceeds description

Refinancing of funds to acquire green buildings and renewable energy power generation
facilities. Eligibility Criteria: properties that have acquired or are expected to acquire atleast one of (i) A rank or higher in CASBEE Certification, (ii) Gold or higher in LEED, (iii) 4stars or more in BELS Certification, or (iv) 4 stars or more in DBJ Green BuildingCertification); for renewable energy generation facilities, solar and wind power generation.

Climate Bonds view
Underwriters

Daiwa, MUFG

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