Daiwa Securities to Offer Shiga Prefecture's 'Gender Equality Bond' to Corporate Investors
Daiwa Securities has announced it will offer the 'Shiga Prefecture Gender Equality Bond (Sustainability-Link Bond),' scheduled for issuance in June 2026, to corporate investors through its nationwide branches. The bond, with an issue size of approximately 5 billion yen and a 5-year maturity, sets the number of certified women's empowerment companies in Shiga as its sustainability target. It is the only sustainability-link bond issued by a local government in Japan. Corporations that purchase the bond can make a public investment declaration, and their names will be published on the Shiga Prefecture website.
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- 📰 Published: May 18, 2026 at 18:30
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Daiwa Securities Co. Ltd. has announced that it will handle the 'Shiga Prefecture Gender Equality Bond (Sustainability-Link Bond),' which the Shiga Prefectural Government plans to issue in June 2026. The bond will be available for purchase by corporate investors at Daiwa Securities branches nationwide, including three locations within Shiga Prefecture.
This bond can be purchased in increments starting from 10 million yen. Corporate investors who buy the bond are eligible to make an 'investment declaration.' This declaration signifies their support for the project's objectives and publicizes their purchase. The names of these corporations will be listed on the Shiga Prefecture website at a later date.
Shiga Prefecture is issuing this bond to increase social awareness of gender equality and to foster a wider circle of understanding and support. The sustainability performance target is linked to increasing the number of companies certified under the 'Shiga Prefecture Women's Empowerment Promotion Company Certification System,' in line with the 'Partner Shiga Plan 2030.' Currently, Shiga Prefecture is the only local government in Japan to issue a sustainability-link bond.
**Bond Overview (Provisional)**
- Name (Tentative): Shiga Prefecture 4th Sustainability-Link Bond (Shiga Prefecture Gender Equality Bond)
- Maturity: 5 years
- Issue Amount: Approx. 5 billion JPY
- Denomination: 10 million JPY
- Target Investors: Corporate investors
- Issue Period: Scheduled for June 2026
- Lead Managers: Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Daiwa Securities Co. Ltd.
- External Review: The bond's framework, which includes specific targets, has received a second-party opinion from Japan Credit Rating Agency, Ltd. (JCR).
For detailed information and inquiries regarding purchase, please contact a Daiwa Securities branch.
**Regarding Fees and Risks**
Please be aware that transactions in financial products may incur prescribed fees and expenses. There is also a risk of loss due to price fluctuations. Fees and risks vary by product; please read the pre-contract documents and prospectus carefully.
(The following are standard risk disclosures)
- For stock trading, a brokerage commission of up to 1.26500% (minimum 2,750 JPY, tax included) may apply for domestic transactions. There is a risk of loss from price volatility.
- Margin trading requires a deposit of over 30% of the transaction value (and at least 300,000 JPY), and losses may exceed the deposited amount.
- For bond trading, while only the purchase/sale price is exchanged, there is a risk of loss due to fluctuations in interest rates, foreign exchange rates, and changes in the issuer's credit status.
- For investment trusts, you will bear expenses such as sales commissions and management fees (trust fees). There is a risk of loss from price volatility.
This bond can be purchased in increments starting from 10 million yen. Corporate investors who buy the bond are eligible to make an 'investment declaration.' This declaration signifies their support for the project's objectives and publicizes their purchase. The names of these corporations will be listed on the Shiga Prefecture website at a later date.
Shiga Prefecture is issuing this bond to increase social awareness of gender equality and to foster a wider circle of understanding and support. The sustainability performance target is linked to increasing the number of companies certified under the 'Shiga Prefecture Women's Empowerment Promotion Company Certification System,' in line with the 'Partner Shiga Plan 2030.' Currently, Shiga Prefecture is the only local government in Japan to issue a sustainability-link bond.
**Bond Overview (Provisional)**
- Name (Tentative): Shiga Prefecture 4th Sustainability-Link Bond (Shiga Prefecture Gender Equality Bond)
- Maturity: 5 years
- Issue Amount: Approx. 5 billion JPY
- Denomination: 10 million JPY
- Target Investors: Corporate investors
- Issue Period: Scheduled for June 2026
- Lead Managers: Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Daiwa Securities Co. Ltd.
- External Review: The bond's framework, which includes specific targets, has received a second-party opinion from Japan Credit Rating Agency, Ltd. (JCR).
For detailed information and inquiries regarding purchase, please contact a Daiwa Securities branch.
**Regarding Fees and Risks**
Please be aware that transactions in financial products may incur prescribed fees and expenses. There is also a risk of loss due to price fluctuations. Fees and risks vary by product; please read the pre-contract documents and prospectus carefully.
(The following are standard risk disclosures)
- For stock trading, a brokerage commission of up to 1.26500% (minimum 2,750 JPY, tax included) may apply for domestic transactions. There is a risk of loss from price volatility.
- Margin trading requires a deposit of over 30% of the transaction value (and at least 300,000 JPY), and losses may exceed the deposited amount.
- For bond trading, while only the purchase/sale price is exchanged, there is a risk of loss due to fluctuations in interest rates, foreign exchange rates, and changes in the issuer's credit status.
- For investment trusts, you will bear expenses such as sales commissions and management fees (trust fees). There is a risk of loss from price volatility.