Refinancing of the acquisition cost of the JNC Shirakawa Hydraulic Power Station

Mizuho Leasing’s 11th unsecured straight bonds
(with an inter-bond pari passu clause) (Green Bonds)

Overview of Green Bonds

Name

Mizuho Leasing’s 11th unsecured straight bond

(with an inter-bond pari passu clause) (Green Bond)

Application deadline

December 10, 2021

Payment deadline

December 17, 2021

Maturity

5 years

Issuance amount

10 billion yen

Coupon

0.20%

Use of proceeds

Refinancing of the acquisition cost of the JNC Shirakawa Hydraulic Power Station, acquired through Mizuho Leasing’s wholly owned subsidiary, Shirakawa Water Power Leasing Y.K.

Credit ratings

A Rating and Investment Information, Inc. (R&I)

Third-party evaluation of eligibility

R&I Green Bond evaluation

 Mizuho Leasing formulated a green bond framework (hereinafter referred to as “this framework”) that conforms with the Green Bond Principles 2021*~{1} published by the International Capital Market Association (ICMA), and the Green Bond Guidelines 2020*~{2} published by the Ministry of the Environment of Japan for the issuance of a green bond. We have obtained a second-party opinion from Rating and Investment Information, Inc., that this framework conforms to the Green Bond Principles 2021, and the Green Bond Guidelines 2021, as a third-party evaluation.

Ministry of the Environment Financial Support Programme for Green Bond Issuance

 Obtaining a third-party evaluation of this green bond is covered by a subsidy from the 2021 Financial Support Programme for Green Bond Issuance.

Investment declaration on this Green Bond

 The following investors have announced their interest and investment in this Green Bond:

 

<List of investors who have committed to investing> (in the order of the Japanese syllabary) (as of December 10, 2021) 

 

  • JA Bank Shizuoka 
  • The Sugamo Shinkin Bank 
  • Daiichi Kensetsu Corporation 
  • The Dai-ichi Frontier Life Insurance Co., Ltd.  
  • Higashi-Nippon Bank, Ltd.
  • The Fukuoka Chuo Bank, Ltd.
  • Mitsubishi UFJ Trust and Banking Corporation

Reporting

Allocation status of proceeds

 The entire proceeds of this Green Bond were allocated to refinancing the acquisition cost of the JNC Shirakawa Hydraulic Power Station, which was acquired through our wholly owned subsidiary, Shirakawa Water Power Leasing Y.K., on December 17, 2021. 

Environmental improvement effect

 The annual power generation of the assets is equivalent to the annual power consumption of about 13,900 average households, and when converted into the amount of CO₂ reduction, it has a reduction effect of 19,446 t-CO₂ per year. (As of December 10, 2021, theoretical value based on output specifications)

Annual Report

The positive environmental effect after the issuance of this green bond to finance targeted assets is as follows.

Month Year

Power generatied(kWh)

CO₂ reduction(t-CO₂)

December 2021–March 2022

5,154,400

2,474