June 3, 2022

Announcement of Issuance of Social Bonds
Credit Saison Co., Ltd. (Head Office: Toshima-ku, Tokyo; Representative, Executive President and
COO: Katsumi Mizuno; hereinafter “Credit Saison”) has decided to issue Credit Saison Unsecured
Straight Bonds No. 91 (with Inter-bond Pari Passu Clause; hereinafter “the Bonds”) as described
below.The Bonds will be offered only to institutional investors .
Social bonds are bonds issued by corporations, local governments and other organizations to raise
funds for projects aimed at providing solutions to social issues.
The Bonds are Credit Saison’s first social bonds. The funds raised through the issue of the Bonds
will be applied to new expenditures and/or refinancing related to the following two projects:◼ Capital increase or loans for Kisetsu Saison Finance (India) Pvt. Ltd., an Indian subsidiary ofCredit Saison
The Bonds will finance local non-banks and fintech operators so that the operators or Kisetsu
Saison Finance itself can provide financing to small and medium-sized enterprises (SMEs),
micro-enterprises and individuals.
◼ Loans to Saison Capital Pte. Ltd., a Singaporean subsidiary of Credit Saison
The Bonds will finance investment in and lending to startup companies (non-banks, fintech firms,etc.) engaged in efforts to achieve financial inclusion.

The purpose of the two projects above is aimed to provide solutions to the social challenges
confronted by the MSMEs or individuals within underserved segment in emerging countries
such as India and Southeast Asian countries that are suffering from obtaining sufficient financialservices.
For issuance of the Bonds, Credit Saison has created a social-bond framework in accordancewith Social Bond Principles 20211 and Social Bond Guidelines 20212. Credit Saison has also
obtained external evaluation of the framework’s appropriateness (“second opinion”) from Ratingand Investment Information, Inc. (hereinafter “R&I”) 3.
Under our management philosophy as a leading-edge service company, Credit Saison aims tofulfill its social responsibilities to all stakeholders. In the medium-term management vision, Credit
Saison identifies three basic concepts, “Innovative,” “Digital” and “Global”, in abid to“Transforming into a Comprehensive Lifestyle Services Group~Achieving Customer Successthrough the Fusion of Real Life and Digital Technology~ .”By issuing the Bonds, Credit Saison will diversify its fundraising and, pursuing the theme offinancial inclusion, expand its operations from Asia to the world stage. In so doing, Credit Saison
will contribute to social development and the solution of social challeges.

Overview of the Bonds
Term of issue

5 years

Amount of issue

10 billion yen

Rate of interest

0.400%

Date of issue

Friday, June 10, 2022

Lead managers

Mizuho Securities Co., Ltd., Daiwa Securities Co., Ltd.,
Nomura Securities Co., Ltd., Mitsubishi UFJ Morgan
Stanley Securities Co., Ltd.

Structuring agents 4

Mizuho Securities Co., Ltd., Daiwa Securities Co., Ltd.

Notes
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3.

Social Bond Principles 2021 is a set of guidelines for the issuance of social bonds. It was established by theGreen Bond Principles and Social Bond Principles Executive Committee, a private-sector organization for which
the International Capital Market Association (ICMA) serves as t he secretariat.
Social Bond Guidelines 2021 is a set of guidelines established and published by the Financial Services Agency
in October 2021 for the purpose of furthering the adoption in Japan of social bonds. The Guidelines provide
examples of specific responses and interpretations adapted to the circumstances of Japan, a country challenged
by a number of so-called “advanced-country problems,” for reference in gauging the appropriateness of socialbond issues in light of the Social Bond Principles and examining specific responses by officers of market
participants with respect to social bonds.
Second opinion from R&I:
https://www.r-i.co.jp/news_release_sof/2022/02/news_release_sof_20220214_jpn_01.pdf

4.

Structuring agents provide support for the issuance of social bonds by establishing social -bond frameworks andadvising on the solicitation of second opinions.