Bond Issuance Overview
The Ministry of Finance announced on September 3, 2025, that it will provide government guarantee for the 522nd Japan Expressway Holding and Debt Repayment Agency Bond (Social Bond) scheduled to be issued by the Japan Expressway Holding and Debt Repayment Agency in September.
Issuance Terms and Conditions
Issuance size and interest rate:
- Issue amount: 14 billion yen
- Coupon rate: 1.713%
- Issue price: 100.00 yen
- Yield to investors: 1.713%
Issuance and redemption schedule:
- Issue date: September 16, 2025
- Maturity date: September 28, 2035 (10-year bond)
Significance as Social Bond
This bond is issued as a social bond, aimed at creating social value through the development and maintenance of expressway infrastructure. With the government guarantee attached, it is positioned as a safe investment product for institutional investors and responds to ESG investment demand.
Background of Expressway Debt Repayment System
The Japan Expressway Holding and Debt Repayment Agency is an independent administrative agency that inherited debts from the former Japan Highway Public Corporation and owns/manages expressway assets. The issuance of agency bonds plays important roles in both repaying borrowings from expressway construction and raising funds for new construction, and this 14 billion yen procurement is also implemented as part of this system.