Tobu Railway to issue ¥10 bn in five-year unsecured bonds

Tobu Railway Co., Ltd. will issue its 136th series of unsecured bonds, totaling ¥10,000,000,000. These five-year bonds, with a denomination of ¥100,000,000 per bond, carry an annual interest rate of 1.433%. The issue and redemption prices are set at ¥100 per face value of ¥100.

The application period for these bonds is September 5, 2025, with the payment date scheduled for September 12, 2025. The bonds will mature on September 12, 2030, and interest will be paid semi-annually on September 12 and March 12, with the first payment on March 12, 2026. The offering will be conducted via public offering, managed by a syndicate including Mitsubishi UFJ Morgan Stanley Securities, Mizuho Securities, and SMBC Nikko Securities.

Rated "A" by Rating and Investment Information, Inc., these bonds are unsecured and unguaranteed. Japan Securities Depository Center, Inc. will serve as the book-entry transfer institution, and MUFG Bank, Ltd. as the fiscal agent.