Green Bond Fact Sheet

Asahi Kasei

Date: 30/06/2020

Issue date: 19-06-2020 Maturity date: 19-06-2025 Tenor: 5Issuer name

Asahi Kasei Corp

Amount issued

JPY10bn/USD92m

Country of riskJapan

CBI Database

Included

Issuer type1

Non-FinancialCorporate

Bond typeSr Unsecured

Green bond framework

N/A

Second party opinion

Sustainalytics

Certification Standard

Not certified

Assurance report

N/A

Certification verifier

N/AGreen bond rating

N/A☒ 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 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☐ Wastewatertreatment☐ 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

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

Until fill allocation there will be allocation reporting on an annual basis on the website andthe sustainability report. This will include an overview of projects financed, the amount andshare of proceeds allocated to each eligible project, and the share of the amount allocatedto financing and refinancing, as well as the amount of unallocated proceeds.
There will also be annual impact reporting on the website and the sustainability report until
the bond matures. Indicators reported will include the total capacity of hydroelectric powergeneration (MW), hydroelectric power generation capacity (MW) and the amount of CO 2
emissions reduced (tCO2).
Asahi Kasei is a chemical enterprise group founded in 1922 and based in Tokyo, Japan.
Products range from electronic parts used in computers and smartphones, automotive
applications to pharmaceuticals.

Firsts, records andcertifications
Proceeds description

The proceeds of this bond will go towards run of river hydroelectric power facilities with agenerating capacity between 5 and 20 MW. This includes the renovation and maintenanceof those facilities. Run-of-river hydroelectric power facilities generate power using thenatural flow of river water and difference in water levels with no impounding of waterrequired. The framework specifically excludes power generation systems using fossil fuels
and hydroelectric power facilities with a generating capacity of over 20 MW.

Climate Bonds view

The assets of this bond will strengthen Japan’s position as one of the biggest
hydroelectricity producers in the world. Renewable energy projects account for almost onethird of Japan’s total green bond issuance.
Daiwa, MIZUHO, Nomura, SMBC

Underwriters
Deal comments
Credit rating

AA- (Rating And Investment)
AA (Japan Credit Rating Agency)

Pricing summary•••

Yield: 0.120%
Coupon: 0.120%
Price: 100%

Investors summary

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