Market News

May 18, 2015 TSE The Metropolis of Tokyo to List USD-Denominated Foreign Bond on TOKYO PRO-BOND Market with Value of USD 1 billion

 

Today, Tokyo Stock Exchange approved a USD-denominated bond with a total value of USD 1 billion (fixed rate bond maturity: 5 years, coupon: 2.125%) from the Metropolis of Tokyo(http://www.zaimu.metro.tokyo.jp/bond/en/en.html)for listing on the professional-oriented TOKYO PRO-BOND Market.

This listing will be the first foreign currency-denominated bond on the market.

The Metropolis of Tokyo has listed program information for 2 years from May 11, 2015. This listing will be the initial series of individual bonds listed under the program. The lead underwriters of this bond are Barclays Bank PLC, Merrill Lynch International, Deutsche Bank AG, London Branch and Nomura International plc. The subscription period will conclude on May 19, 2015, with listing following on May 20. Details on the issuance conditions of these bonds can be found on the TOKYO PRO-BOND Market website (http://www.jpx.co.jp/english/equities/products/tpbm/announcement/index.html).

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. From May 2011, 13 program listings have been made.

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

Contact

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