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ESG Bonds
Last updated on January 31, 2025.
What is ESG Bonds?
ESG (Environment, Social,Governance) bonds are bonds that raise funds for businesses aimed at solving environmental and social issues.
There are categories such as green bonds (environmental bonds), social bonds (social contribution bonds), and sustainability bonds (bonds that include both green and social elements).
Sustainability Bonds
Published in FY2024
In fiscal 2024, we will continue to issue sustainability bonds.
On October 18, 2024, we updated the "Yokohama City Sustainability Bond Framework", our issue policy, and obtained a second opinion from an independent evaluation organization.
FY2024 ESG Bond Leader
Goldman Sachs Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Tokai Tokyo Securities Co., Ltd.
Summary of issuance (publicly offered bonds for institutional investors)
| Period | 10-year maturities |
|---|---|
| Issue amount | ¥8.0 billion |
| Surface interest rate | 1.187% |
| Condition Determination Date | Friday, December 6, 2024 (Reiwa 6) |
| Date of issuance | Tuesday, December 17, 2024 (Reiwa 6) |
| Date of redemption | Friday, December 15, 2034 (Reiwa 16) |
| Other materials | Yokohama-shi 4th open call for public debt (sustainability bond) issuance essential point (PDF: 44KB) 2024 |
Yokohama Sustainability Bond Framework (October 18, 2024) (PDF: 439KB)
Second Opinion (October 18, 2024, Rating and Investment Information Center, Inc.) (PDF: 6,433KB)
※The second opinion is the opinion of the evaluation organization and does not indicate the opinion of the city.
List of investment statements (as of January 31, 2025: 41 companies) (PDF: 280KB)
Published in FY2023
Following the issuance in fiscal 2022, we will continue to issue sustainability bonds in fiscal 2023.
On November 6, 2023, we updated the "Yokohama City Sustainability Bond Framework", our issue policy, and obtained a second opinion from an independent evaluation organization.
In order to meet the needs of a wide range of investors, we issued 5-, 10- and 30-year bonds at the same time, which were purchased by a large number of investors.
Summary of issuance (publicly offered bonds for institutional investors)
| Period | 5-year maturities |
|---|---|
| Issue amount | ¥5.0 billion |
| Surface interest rate | 0.393％ |
| Condition Determination Date | Wednesday, December 13, 2023 (Reiwa 5) |
| Date of issuance | Friday, December 22, 2023 (Reiwa 5) |
| Date of redemption | Friday, December 22, 2028 (Reiwa 10) |
| Other materials | Yokohama City 62nd 5-year publicly offered public debt (sustainability bond) issuance guidelines (PDF: 141KB) |
| Period | 10-year maturities |
|---|---|
| Issue amount | ¥3.0 billion |
| Surface interest rate | 0.817％ |
| Condition Determination Date | Wednesday, December 13, 2023 (Reiwa 5) |
| Date of issuance | Friday, December 22, 2023 (Reiwa 5) |
| Date of redemption | Thursday, December 22, 2033 (Reiwa 15) |
| Other materials | Yokohama City 2023 2nd publicly offered public debt (sustainability bond) issuance guidelines (PDF: 47KB) |
| Period | Total maturity of 30 years |
|---|---|
| Issue amount | ¥5.0 billion |
| Surface interest rate | 1.827％ |
| Condition Determination Date | Wednesday, December 13, 2023 (Reiwa 5) |
| Date of issuance | Friday, December 22, 2023 (Reiwa 5) |
| Date of redemption | Friday, September 19, 2053 (Reiwa 35) |
| Other materials | Yokohama City 29th 30-year publicly offered public debt (sustainability bond) issuance guidelines (PDF: 45KB) |
Yokohama Sustainability Bond Framework (November 6, 2023) (PDF: 238KB)
Second Opinion (Nov. 6, 2023, Rating and Investment Information Center, Inc.) (PDF: 4,725KB)
※The second opinion is the opinion of the evaluation organization and does not indicate the opinion of the city.
List of investment statements (as of March 28, 2024: 50 companies) (PDF: 479KB)
Impact Report
On November 6, 2024, we released an impact report corresponding to the issuance of bonds for fiscal 2023.
Yokohama Sustainability Bond Impact Report (fiscal 2023 issuance) (PDF: 3,140KB) (November 6, 2024)
Published in FY2022
On October 14, 2022, we announced the "Yokohama City Sustainability Bond Framework", which is the first issue of ESG bonds for Yokohama City, and obtained a second opinion from an independent evaluation organization.
In light of market needs, such as further increasing interest in ESG investment in financial markets, we issued a sustainability bond, the first ESG bond for Yokohama City.
Press release materials to date
We aim to issue the first ESG bond in Yokohama! (Oct. 14, 2022)
Yokohama City's first Sustainability Bond (Sustainability Bond) is scheduled to be issued in December (November 10, 2022)
The conditions for issuing the first ESG bond (Sustainability Bond) in Yokohama have been determined (December 9, 2022)
Overview of Issuance
| Period | 5-year maturities |
|---|---|
| Issue amount | ¥8.5 billion |
| Surface interest rate | 0.259％ |
| Condition Determination Date | Friday, December 9, 2022 (Reiwa 4) |
| Date of issuance | Tuesday, December 20, 2022 (Reiwa 4) |
| Date of redemption | Monday, December 20, 2027 (Reiwa 9) |
| Other materials | Yokohama City 60th 5-year publicly offered public debt (sustainability bond) issuance guidelines (PDF: 140KB) |
| Period | Total maturity of 30 years |
|---|---|
| Issue amount | ¥1.5 billion |
| Surface interest rate | 1.534％ |
| Condition Determination Date | Friday, December 9, 2022 (Reiwa 4) |
| Date of issuance | Tuesday, December 20, 2022 (Reiwa 4) |
| Date of redemption | Friday, September 20, 2052 (Reiwa 34) |
| Other materials | Yokohama City 28th 30-year publicly offered public debt (sustainability bond) issuance guidelines (PDF: 42KB) |
Yokohama Sustainability Bond Framework (October 14, 2022) (PDF: 228KB)
Second Opinion (October 14, 2022, Rating and Investment Information Center, Inc.) (PDF: 3,039KB)
※The second opinion is the opinion of the evaluation organization and does not indicate the opinion of the city.
List of investment statements (as of December 20, 2022: 12 companies) (PDF: 173KB)
Impact Report
On November 6, 2023, we released an impact report corresponding to the issuance of bonds for fiscal 2022.
Yokohama Sustainability Bond Impact Report (fiscal 2022 issuance) (PDF: 2,002KB) (November 6, 2023)
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Inquiries to this page
Finance Bureau Finance Division Municipal Bond Section
Phone: 045-671-2240
Phone: 045-671-2240
Fax: 045-664-7185
E-Mail address [email protected]
Page ID: 939-271-579
