"Enlighten Our Future"
KYUDEN GROUP’s Mission is to contribute toward
the realization of a comfortable and environment-friendly lifestyle
today and for generations to come.
May 1, 2024
Kyushu Electric Power Co., Inc.
Kyushu Electric Power to Issue new Transition Bond
Kyushu Electric Power today announced that the company has decided to issue its transition bond, called
"the Kyushu Electric Power Transition Bond*
" (hereinafter "the transition bond").
Through the issuance of this transition bond, the company aims to enhance its stakeholders’ understanding
of its commitment to achieving carbon neutrality by 2050 by continuing to "lower the carbon intensity of or
decarbonize energy sources" and "accelerate the shift toward electricity-based energy consumption" and intends
to diversify its funding base.
The proceeds from the transition bond will be used to refinance investments in safety measures for existing
nuclear power plants.
DNV Business Assurance Japan K.K.**
, a third-party evaluation organization, has provided the Annex-
Second Party Opinion***
assessing eligibility of the use of proceeds and the reporting to various standards related
to sustainability finance, supplementing the Second Party Opinion published in 2022.
The Kyuden Group views carbon neutrality and other changes in the business environment as a
transformative opportunity to achieve further corporate growth.
* Corporate bonds issued for the purpose of using the funds from them for initiative that are in line with the company’s long-term
transition strategies to reduce greenhouse gas.
** DNV is an independent third-party organization that operates globally in over 100 countries and provides various services including
certification, assessment, and more.
*** DNV conducts additional eligibility assessments on the specific finance. The evaluation report is issued as an annex opinion to
the Kyushu Electric Power Sustainable Finance Framework, which was established in 2022.
[Overview of the transition bond (tentative)]
Period to maturity 5 years and 10 years
Total amount of issuance Approximately 20 billion yen in total
Issue date May 2024 or later
Use of proceeds
Refinancing of investments in safety measures for existing nuclear power
plants
Lead manager
Mizuho Securities Co., Ltd.
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
SMBC Nikko Securities Inc.
Daiwa Securities Co. Ltd.
Nomura Securities Co., Ltd.
This announcement is for information purposes only and should not be regarded as an offer to sell or as a solicitation of an offer to
buy any financial product.