TSE Approves USD 1B Tokyo Bond, 4.125% Coupon, Listing 1st May
Summary
Tokyo Stock Exchange has approved the Metropolis of Tokyo's USD-denominated bond for listing on the TOKYO PRO-BOND Market, a professional-oriented bond market established in May 2011. The bond has a total value of USD 1 billion with a 5-year tenor and 4.125% coupon, scheduled to be issued on April 30, 2026 and listed on May 1, 2026. This represents the first listing under this program since May 2015, when the Metropolis of Tokyo initially registered program information with the exchange.
“Today, Tokyo Stock Exchange approved a USD-denominated bond with a total value of USD 1 billion (tenor: 5 years, coupon: 4.125%) from the Metropolis of Tokyo for listing on the professional-oriented TOKYO PRO-BOND Market.”
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What changed
Tokyo Stock Exchange approved the initial listing of a USD-denominated foreign bond issued by the Metropolis of Tokyo on the TOKYO PRO-BOND Market. The bond has a total issuance value of USD 1 billion, with a 5-year tenor and a fixed coupon rate of 4.125%. The issuance is scheduled for April 30, 2026, with listing to follow on May 1, 2026.
For investors and bond market participants, this listing represents an opportunity to access a large-scale municipal bond from the Tokyo metropolitan government through a professional-oriented market that implements program listing standards similar to overseas corporate bond markets. The TOKYO PRO-BOND Market offers flexible rules including simplified disclosure documents and English-only information disclosure, with listing eligibility requiring a credit rating and lead underwriter participation.
Archived snapshot
Apr 22, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Apr. 22, 2026 TSE Approval of Initial Listing (TOKYO PRO-BOND Market): USD-Denominated Foreign Bond on TOKYO PRO-BOND Market with Value of USD 1 billion (The Metropolis of Tokyo)
Post Today, Tokyo Stock Exchange approved a USD-denominated bond with a total value of USD 1 billion (tenor: 5 years, coupon: 4.125%) from the Metropolis of Tokyo for listing on the professional-oriented TOKYO PRO-BOND Market.
The Metropolis of Tokyo
The Metropolis of Tokyo has listed program information since May 11, 2015. The bond will be issued on April 30, 2026, with listing following on May 1, 2026. Details on the issuance conditions can be found on the TOKYO PRO-BOND Market website.
About TOKYO PRO-BOND Market
TOKYO PRO-BOND Market was established in May 2011 as a professional-oriented bond market based on the "Professional-oriented Market Rules" introduced in an amendment to the Financial Instruments and Exchange Act in 2008. The market implements program listing, the standard form of corporate bond issuance in overseas markets, and English-only information disclosure. Program listing refers to a system where the fund-raising issuer registers the possible issuance amount, basic information, and financial information on TOKYO PRO-BOND Market as program information, following which it is able to issue bonds as needed within the estimated issuance amount. The market's highly flexible rules offer efficient bond issuance through simplified disclosure documents, and convenient formal requirements, such as acquiring a credit rating as the listing eligibility requirements for program information and individual bonds and securing a lead underwriter(s) specified by the exchange.
For more information, please refer to the TOKYO PRO-BOND Market website.
TOKYO PRO-BOND Market Contact
Tokyo Stock Exchange, Inc. New Listings Department
TEL:+81-3-3666-0141
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