Frequently Asked Questions for Investors

Please refer to the link below.
Public Offering Bond Issuance Plan Page

Currently, Yokohama Municipal Bonds issue only municipal bonds for institutional investors, and do not issue municipal bonds for individual investors.

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). The city also issued Yokohama's first ESG bond on December 20, 2022.
For more information, please refer to the following link.
ESG Bond Page

The principal and interest payment of municipal bonds are extinct, similar to government bonds and other bonds. After 10 years have passed since the redemption date for the principal and 10 years have passed since the interest payment date for interest, the expiration date will be completed (according to the provisions of Article 5-6 of the Local Finance Law and Article 705, Paragraph 3 of the Companies Act) ), And no principal and interest will be paid for municipal bonds whose extinction has been completed.

[Article 5-6 of the Local Finance Act (Act No. 199 of 1948)]

Article 5-6 The provisions of the Companies Act (Act No. 86 of 2005) Article 683, Article 711, Article 705, paragraphs 1 to 3 and Article 709 shall apply mutatis mutandis to municipal bonds set forth in paragraph (1) of the preceding Article. In this case, the term "company" in these provisions means "local government", the term "bond register caretaker" means "municipal bond register caretaker", the term "bond register" means "municipal bond register", and the term "bond manager" means "person who has been entrusted with the recruitment or management of municipal bonds", and the term "bond holder" means "bond holder" means "bond bonds".

Article 705 of the Companies Act (Act No. 86 of 2005)

Article 705 The Bond Administrator has the authority to receive repayment of receivables related to corporate bonds or to perform any trial or non-trial acts necessary for preserving the realization of receivables related to corporate bonds.

If the Bond Administrator receives the repayment set forth in the preceding paragraph, the Bond Holder may request the Bond Manager to pay the redemption amount and interest of the Bonds. In this case, if there is a provision to issue bonds, the corporate bondholder shall request the payment of the redemption amount in exchange for the bonds and the payment of the interest in exchange for the interest.

(3) The right to claim under the preceding paragraph shall be extinguished by prescription if it is not exercised for ten years from the time it can be exercised.

The Bond Manager may, with the permission of the court, investigate the status of the business and property of the Bond Issuer, if necessary for the act set forth in paragraph (1) of a corporate bond issuer entrusted with its management.