Green Bond Fact Sheet
Daio Paper Corporation
Issue date: 25-Oct-2018 Maturity date: 25-Oct-2028 Tenor: 10Date: 29-Oct-2018

Issuer Name

Daio Paper Corporation

Amount Issued

JPY20bn (USD178m)

Country of riskJapan

CBI Database

Included

Issuer Type1

Non-Financial Corporate

Bond Type

Senior unsecured

Green Bond Framework

Link to Framework

Second party opinion

DNV GL

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☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose & paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience

Use of Proceeds☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
Reporting

The status of allocation of the proceeds to the eligible projects and environmental impacts
will be reported once a year and will be made publicly available either within an annual
report or separately on the issuer’s website.

Company information

Daio Paper Corporation is a full-range paper manufacturer headquartered in Ehime andTokyo, Japan.

Firsts, records andcertificationsFirst Japanese green bond issuer from the Forestry & Paper sector.

Proceeds description

Proceeds will finance hard-to-recycle recovered paper facilities as well as a biomass boiler
and power generating facility. The waste produced during the process of extracting raw
materials from hard-to-recycle paper will be incinerated and the resulting heat will be
reutilised for power generation and in the drying process of papermaking. The biomass
boiler and power plant will exclusively use “black liquor” as a source, which is a waste fuelgenerated from the pulp extraction process.

Climate Bonds view

Daio Paper Corporation was identified as being climate aligned and a potential green issuer
in the Land use sector in our Q3 2018 Market Summary and this move is welcomed. As allbiomass sources come from waste sources, it is aligned with our updated Taxonomy.
Daiwa, Mizuo, Nomura, SMBC, MUFC

Underwriters
Deal comments
Credit Rating

BBB+ (R&I)

Pricing summary
Investors summary

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