Tobu Railway to issue ¥10 bn in new unsecured corporate bonds

Tobu Railway Co., Ltd. announced the final terms for its 136th series of unsecured corporate bonds, a decision made at a board of directors meeting on March 26, 2025. The issuance, with an offering amount of ¥10,000,000,000, consists of five-year bonds each valued at ¥100,000,000, carrying an interest rate of 1.433% per annum. The issue and redemption prices are set at ¥100 per face value of ¥100.

The bonds, rated 'A' by Rating and Investment Information, Inc., will have interest payment dates on September 12 and March 12 of each year, with the first payment on March 12, 2026. The redemption date is September 12, 2030. The application period for the public offering is September 5, 2025, with the payment date set for September 12, 2025.

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Mizuho Securities Co., Ltd., and SMBC Nikko Securities Inc. will serve as joint lead managers for the issuance. Japan Securities Depository Center, Inc. is the book-entry transfer institution, and MUFG Bank, Ltd. is the fiscal agent. The bonds are unsecured and unguaranteed.