December 6, 2022
Bureau of Finance

Determination of Tentative Terms and Conditions Concerning Tokyo Green Bonds (in foreign currency)

The Tokyo Metropolitan Government (TMG) has decided on the tentative terms and conditions of Tokyo Green Bonds (in foreign currency), a Tokyo Government bond for individuals, as described below.

1 Issue Conditions

Maturity (currency)/Series No.

5 years (AUD)/Series 6

Issue Amount

110 million AUD (Equivalent to 10 billion Japanese Yen)

Interest Rate (before tax)

3.00% to 4.80% per annum (tentative terms)

• Tentative terms refers to the range of expected interest rates for the bonds to be offered to investors prior to the determination of terms. The interest rate will be determined on the term setting date (scheduled to be announced on Thursday December 8) based on the market environment and other factors.

Sales Price

100.00% of the principal amount

Offering Period

Friday December 9 to Tuesday December 20, 2022

• As it may take a certain period of time to open an account, please contact the financial institutions mentioned below well in advance of the opening of the offering period.
• Bonds will be available for offer while supplies last.

Delivery Date

Wednesday December 21, 2022

Interest Payment Date

Twice a year/20th of June and December (or the following business day if these dates fall on a Saturday or Sunday.) 

• The first interest payment date will be June 20, 2023.
• In Japan, the interest will be paid on or after the business day following the interest payment date.

Maturity Date

Monday December 20, 2027

• In Japan, redemption monies will be paid on or after the business day following the maturity date.

Subscription Amount

Minimum amount of AUD 1,000 in AUD 1,000 increments

Maximum Subscription Amount

Maximum of AUD 500,000 per person or organization

Eligible Purchasers

Individuals who live, work, or study in Tokyo, Saitama, Chiba or Kanagawa prefectures, or corporations or organizations whose main offices or places of business are in the areas mentioned

• If the purchaser is a minor, the consent of a person with parental authority is required. For details, please contact a distributor.

2 Distributors

The bonds will be handled by the following financial institutions. For details, please contact a distributor directly.

Distributors	Phone (for inquiries)
Daiwa Securities Co., Ltd.	Phone 0120-010101
Nomura Securities Co., Ltd.	Phone 0570-077-000
Mizuho Securities Co., Ltd.	Phone 0120-324-390
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.	Phone 0120-532-346
SMBC Nikko Securities Inc.	Phone 0120-250-438

 

3 Notes

• As the price of the bonds fluctuates depending on changes in interest rate levels in the market, there is a risk of loss if you redeem your bonds before their maturity.
• In the event that the Japanese Yen appreciates against the Australian Dollar due to exchange rate fluctuations, the value of the bonds converted into Japanese Yen may fall below the principal amount invested.
• The value of the bonds may fluctuate depending on the credit, business or financial status of the TMG, the issuer. There is also a risk of delay in the payment of principal and/or interest as well as a risk of insolvency.
• There is a limit to the amount available for offer. Please contact a distributor as soon as possible.
• When considering the purchase of bonds, please be sure to read the document provided by the distributor prior to the conclusion of the contract.
• The issuance schedule of the bonds may be subject to change due to changes in market conditions, etc.

4 Other

• The TMG fixes the conditions of the bonds from issuance until maturity in Japanese yen at the time of issuance. Therefore, there is no risk incurred due to the fluctuations in foreign exchanges for the TMG.
• The Tokyo Green Bonds Framework, projects scheduled for appropriation, and evaluation reports by third-party organizations are published on the website of the Bureau of Finance.

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Inquiries

Bond Section, Budget Division, Bureau of Finance Phone: 03-5388-2683