News Release

Dec. 21, 2017 TSE New Platform for Green and Social Bonds

 

Tokyo Stock Exchange, Inc. (TSE) will be launching a dedicated platform on our official website for both Green and Social bonds (*). The platform will be available from January 22, 2018 as part of our professional-oriented bond market, TOKYO PRO-BOND Market. The platform will allow issuers to post information about Green and Social bonds directly on our official website.

Following the International Capital Market Association's publication of the "Green Bond Principles" (2014) and "Social Bond Principles" (2017), there has been a growing movement to issue and invest in Green and Social bonds across the international community. The trend is also expected to become more prevalent in Japan now that the Ministry of the Environment has formulated and published its own "Green Bond Guidelines, 2017".

This new platform is part of TSE's response to these developments, through which we aim to show our support to issuers and contribute to driving the growth of the Green and Social bonds market.

  • A Green Bond or Social Bond refers to any type of bond instrument issued to finance projects that aim to solve environmental (i.e., global warming) or social (i.e., education/welfare) problems.

About TOKYO PRO-BOND Market

TOKYO PRO-BOND Market was established in May 2011 as a professional-oriented bond market based on the "Professional-oriented Market Rules" introduced in an amendment to the Financial Instruments and Exchange Act in 2008. The market implements program listing, the standard form of corporate bond issuance in overseas markets, and English-only information disclosure. Program listing refers to a system where the fund-raising issuer registers the possible issuance amount, basic information, and financial information on TOKYO PRO-BOND Market as program information, following which it is able to issue bonds as needed within the estimated issuance amount. The market's highly flexible rules offer efficient bond issuance through simplified disclosure documents, and convenient formal requirements, such as acquiring a credit rating as the listing eligibility requirements for program information and individual bonds and securing a lead underwriter(s) specified by the exchange.

For more information, please refer to the TOKYO PRO-BOND Market website.

TOKYO PRO-BOND Market

Contact

Tokyo Stock Exchange, Inc. New Listings Department
TEL:+81-3-3666-0141