For debt investors
Maturity Profile
- ※1 Outstanding bonds (excl. loans)
- ※2 August 2023 - end rate USD/JPY:146.20 EUR/JPY:159.05 GBP/JPY:184.80
- ※3 For the purpose of the chart, the Apr 2081 and Oct 2083 subordinated bonds are reflected at the end of their first call period in Apr 2026 and Jan 2029, respectively.
In 2023, JT issued JPY 60 billion aggregate principal amount of straight bonds in Japan. The proceeds are intended to be used for the redemption of No. 12 domestic straight bonds which will mature in Sep 2023. Even under the uncertain financial environment, we extended our debt maturity profile through the issuance of 7/10/20 year bonds as our credit evaluated positively.
We will continue our efforts to maintain a strong financial base that will support the realization of sustainable profit growth in the mid-to long-term through business investment.
Straight Bonds
(As of September 8, 2023)
| Issuer Name | ISIN Code | Issues | Issue Date | Maturity Date | Year | Coupon | Amount |
|---|---|---|---|---|---|---|---|
| Japan Tobacco Inc. | JP372680CF74 | No. 11 domestic straight bonds | July 15, 2015 |
July 15, 2025 |
10 | 0.599 | 25,000 MM (yen) |
| Japan Tobacco Inc. | JP372680BJ97 | No. 13 domestic straight bonds | September 10, 2018 |
September 08, 2028 |
10 | 0.355 | 30,000 MM (yen) |
| Japan Tobacco Inc. | JP372680CJ96 | No. 14 domestic straight bonds | September 10, 2018 |
September 10, 2038 |
20 | 0.758 | 10,000 MM (yen) |
| Japan Tobacco Inc. | JP372680AP41 | No. 15 domestic straight bonds | April 20, 2023 |
April 19, 2030 |
7 | 0.713 | 10,000 MM (yen) |
| Japan Tobacco Inc. | JP372680BP40 | No. 16 domestic straight bonds | April 20, 2023 |
April 20, 2033 |
10 | 0.920 | 30,000 MM (yen) |
| Japan Tobacco Inc. | JP372680CP49 | No. 17 domestic straight bonds | April 20, 2023 |
April 20, 2043 |
20 | 1.630 | 20,000 MM (yen) |
| JT International Financial Services B.V. | XS1883352764 | U.S. Dollar-Denominated senior Notes | September 28, 2018 |
September 28, 2028 |
10 | 3.875 | 500 MM (USD) |
| JT International Financial Services B.V. | XS1883352095 | Euro-Denominated senior Notes | September 28, 2018 |
September 28, 2025 |
7 | 1.125 | 550 MM (EUR) |
| JT International Financial Services B.V. | XS1883352335 | Pound Sterling-Denominated senior Notes | September 28, 2018 |
September 28, 2033 |
15 | 2.750 | 400 MM (GBP) |
| JT International Financial Services B.V. | XS2082472122 | Euro-Denominated senior Notes | November 26, 2019 |
November 26, 2029 |
10 | 1.000 | 500 MM (EUR) |
| JT International Financial Services B.V. | XS2383503013 | U.S. Dollar-Denominated senior Notes | September 14, 2021 |
September 14, 2031 |
10 | 2.250 | 604 MM (USD) |
| JT International Financial Services B.V. | XS2383492902 | U.S. Dollar-Denominated senior Notes | September 14, 2021 |
September 14, 2051 |
30 | 3.300 | 400 MM (USD) |
| JT International Financial Services B.V. | 144A: US480914AA80 Reg S: USN46850AA67 |
U.S. Dollar-Denominated senior Notes | October 24, 2022 |
October 24, 2032 |
10 | 6.875 | 500 MM (USD) |
Subordinated Bonds
(As of October 8, 2020)
| Issuer Name | ISIN Code | Issues | Issue Date | Maturity Date | Year | Coupon | Amount | Remarks |
|---|---|---|---|---|---|---|---|---|
| JT International Financial Services B.V. | XS2238783422 | Euro-denominated Deeply Subordinated Guaranteed Fixed Rate Resettable Capital Securities due 2081 | October 7, 2020 |
April 7, 2081 |
60.5 | 2.375 | 500 MM (EUR) |
※1 |
| JT International Financial Services B.V. | XS2238783778 | Euro-denominated Deeply Subordinated Guaranteed Fixed Rate Resettable Capital Securities due 2083 | October 7, 2020 |
October 7, 2083 |
63 | 2.875 | 500 MM (EUR) |
※2 |
-
※1
The Issuer may redeem the Subordinated Bonds at its own discretion in the 3-month period ending on and including April 7, 2026 and on each interest payment date thereafter.
Interest rate is fixed until April 7, 2026 and such fixed interest rate will be reset every 5 years thereafter. The interest rate will step-up by 25bps on April 7, 2031 and further by 75bps on April 7, 2046. -
※2
The Issuer may redeem the Subordinated Bonds at its own discretion in the 3-month period ending on and including January 7, 2029 and on each interest payment date thereafter.
Interest rate is fixed until January 7, 2029 and such fixed interest rate will be reset every 5 years thereafter. The interest rate will step-up by 25bps on January 7, 2034 and further by 75bps on January 7, 2049.
Ratings
| Rating Agency | Long-term |
|---|---|
| Standard & Poor's | A+ |
| Moody's | A2 |
| R&I | AA |