tokyu land corporation

Financial Highlights
FY2020 Second Quarter (First Six Months)
Ended September 30, 2020

 

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Contents

Trends in Results and Polices of FY2020 Earnings Forecasts

Activity policy for the fiscal year ending March 2021

Overview of the FY2020 Second Quarter (First Six Months) Ended September 30, 2020 and Forecast for the Fiscal Year Ending March 31, 2021

Urban Development

Residential

Property Management

Real Estate Agents

Wellness

Tokyu Hands FY2020 Q2(First Six Months)

Initiatives in Wellness and Tokyu Hands segments

Innovation Business

Trends in equity and interest-bearing debt

Hybrid financing

Issuance of sustainability bonds

Return to Shareholders

Development of Business to Address Social Issues

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Hybrid financing

I will tell you about hybrid finance.

We will execute hybrid finance, aiming for financial soundness, improvements in capital efficiency, and sustainable investment for growth. Combining hybrid corporate bonds with hybrid loans, we plan to raise 100.0 billion yen in total.

For hybrid corporate bonds, 50% of the funds raised are expected to be regarded as equity for ratings by a ratings agency (JCR). The fundraising will enable the achievement of investments for sustainable growth while maintaining disciplined financial management.

Part of the hybrid corporate bonds (term of 40 years (non-call period of 10 years)) are to raise funds in the form of sustainability bonds.