The University of Tokyo has decided on the conditions for issuing the "1st National University Corporation The University of Tokyo Bonds" for university bonds.Issuance will begin on October 200, 2020 with the aim of raising 10 billion yen to strengthen research capabilities.This is the first time that a national university corporation has issued university bonds.
According to the University of Tokyo, the nickname of the bond is "The University of Tokyo FSI Bond".It corresponds to a social contribution bond called a social bond (* 1).With a period of 40 years, the yield is 0.823%.Three major securities companies such as Daiwa Securities will be the lead underwriters, and Sumitomo Mitsui Banking Corporation will be the trustee company.
The University of Tokyo plans to use the raised funds for the development of "Hyper-Kamiokande," which will be the successor to the elementary particle observation facilities "Kamiokande" and "Super-Kamiokande," in Kamioka-cho, Hida City, Gifu Prefecture, as well as for campus development and strengthening of research capabilities.We are considering raising 10 billion yen in funding over the next 1,000 years.
On the day when the bond issuance was announced, companies such as Hida City, Asahi Mutual Life Insurance Company, Daikin Industries, JA Nishimino, Yoshimoto Kogyo Holdings, local governments, agricultural cooperatives, religious corporations, etc. announced their purchase and they are already sold out. ..Of these, Hida City has donated a part of the hometown tax payment to train young researchers at the University of Tokyo, but decided to purchase it to further support the University of Tokyo.
* 1 Social bond Receivables raised for the purpose of solving global social problems such as support for developing countries and global environmental measures
reference:[The University of Tokyo] Issuance of social bond "University of Tokyo FSI bond"
[Hida City, Gifu Prefecture] Hida City will support the University of Tokyo by purchasing "University of Tokyo Bonds"
