Daiwa Securities Group Inc.

Date:28-Nov-2018

Issue date: 29-Nov-2018 Maturity date: 29-Dec-2023 Tenor: 5Issuer Name

Daiwa Securities
Group Inc.

Amount Issued

Country of riskJapan

CBI Database

Included

Issuer Type1

Financial Corporate

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

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☐ Energy performance☐ 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
☐ 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

JPY10bn (USD78m)

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

The issuer will report on the actual allocation of proceeds of the bond as well as
relative impact reporting metrics. Besides CO2 emissions avoided reporting for all
projects, the energy produced from renewable sources and several specific metrics
for low carbon buildings will also be disclosed.
Daiwa Securities Group is the second largest brokerage firm in Japan after Nomura.
It has 150 offices in Japan and, as of 2018 is holding under custody half-a-trillion
euros. It is an investment bank (M&A, private equity and other departments), but it
also serves as a commercial bank.

Firsts, records andcertifications
Proceeds description

Climate Bonds view

Proceeds are earmarked to finance and refinance loans and direct investments
allocated to green buildings and renewable energy projects, including solar PV,wind, geothermal, hydropower with 20MW of capacity or below, and biomass
exclusively utilising waste as a feedstock. Eligible green buildings are required tohave obtained a DBJ Green Building Certification of 3 or above or a CASBEE
certification of B+ or above.
In order to meet climate related national and international goals, it is essential thatall sectors find channels to finance their low carbon assets. Bonds that include loancreation are therefore welcome to the market as they can encourage further
spending in the low carbon economy.

Underwriters
Deal comments
Credit Rating

Baa (Moody’s), A- (S&P)

Pricing summary
Investors summary

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