Funding

Features of JFM Bonds

JFM bonds are generally recognized as having high credit standing with the following features.

In addition to JGBs and local government bonds, interest received by foreign investors (non-residents, foreign corporations, etc.) on JFM’s domestic bonds in book-entry form as well as JFM’s international bonds (both of which include government-guaranteed bonds) shall be exempted from Japanese income tax, subject to certain procedural requirements.

Funding Plan for FY2024

1. JFM Bonds (Non-government Guaranteed)

Domestic and Overseas Offerings

Notes:

1. Subject to change depending on lending status, market conditions and other factors.

2. Plan to issue 5-year domestic bonds as Green Bonds.

3. Open Issuance will be utilized to increase the amounts of each domestic public offerings, overseas offerings, long-term bank loans and to issue opportunistic issuance bonds.

4. Achieved amount for respective bonds includes the amount allocated from open issuance.

5. Totals may not add up due to rounding.

Private Placements with Pension Funds for Local Government Officials

2. Long-term Bank Loans

3. Government-guaranteed Domestic Bonds

Funding Activities

Notes:

1. USD 1 = JPY 151.25 as of 31 March 2024.

2. Totals may not add up due to rounding.