Corporate Bonds

Straight Bond

Issue Issue Date Amount
(millions of yen)
Coupon Rate Security Maturity Date
11th Unsecured Bond November 1, 2018 10,000 0.524 No November 1, 2028
12th Unsecured Bond July 19, 2019 10,000 0.350 No July 19, 2029
13th Unsecured Bond July 13, 2020 20,000 0.240 No July 11, 2025
14th Unsecured Bond July 13, 2020 20,000 0.470 No July 12, 2030
15th Unsecured Bond November 27, 2020 20,000 0.030 No November 27, 2023
16th Unsecured Bond November 27, 2020 10,000 0.300 No November 26, 2027
17th Unsecured Bond March 15, 2023 20,000 0.290 No March 13, 2026
18th Unsecured Bond March 15, 2023 10,000 0.569 No March 15, 2028
19th Unsecured Bond December 14, 2023 20,000 0.847 No December 14, 2028

Ratings

Institution Name Rating
Rating and Investment Information, Inc. (R&I) A(Stable) High creditworthiness supported by a few excellent factors.
Japan Credit Rating Agency, Ltd.(JCR) A+(Stable) A high level of certainty to honor the financial obligations

For details regarding the ratings provided by each agency, please refer to the following

Rating Trend, Rating Definition

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

Rating Trend

Rating Definition

AAA Highest creditworthiness supported by many excellent factors.
AA Very high creditworthiness supported by some excellent factors.
A High creditworthiness supported by a few excellent factors.
BBB Creditworthiness is sufficient, though some factors require attention in times of major environmental changes.
BB Creditworthiness is sufficient for the time being, though some factors require due attention in times of environmental changes.
B Creditworthiness is questionable and some factors require constant attention.
CCC Creditworthiness is highly questionable and a financial obligation of an issuer is likely to default.
CC All of the financial obligations of an issuer are likely to default.
D R&I believes that all of the financial obligations of an issuer are in default.
  • *A plus (+) or minus (-) sign may be appended to the categories from AA to CCC to indicate relative standing within each rating category. The plus and minus signs are part of the rating symbols.
Japan Credit Rating Agency, Ltd.(JCR)

Rating Trend

Rating Definition

AAA The highest level of certainty of an obligor to honor its financial obligations
AA A very high level of certainty to honor the financial obligations
A A high level of certainty to honor the financial obligations
BBB An adequate level of certainty to honor the financial obligations. However, this certainty is more likely to diminish in the future than with the higher rating categories.
BB Although the level of certainty to honor the financial obligations is not currently considered problematic, this certainty may not persist in the future.
B A low level of certainty to honor the financial obligations, giving cause for concern
CCC There are factors of uncertainty that the financial obligations will be honored, and there is a possibility of default.
CC A high default risk
C A very high default risk
LD JCR judges that while an obligor does not honor part of the agreed to financial obligations, but it honors all its other agreed to financial obligations.
D JCR judges that all the financial obligations are, in effect, in default.
  • *A plus (+) or minus (-) sign may be affixed to the rating symbols from AA to B to indicate relative standing within each of those rating scales.
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