Kyushu Electric Power today announced that the company has decided to issue its transition bond, called "the Kyushu Electric Power Transition Bond^*" (hereinafter "the transition bond")
　Through the issuance of the transition bond, the company aims to enhance its stakeholders' understanding of its challenge of achieving carbon neutrality by 2050 by continuing to "lower the carbon intensity of or decarbonize energy sources" and "accelerate the shift toward electricity-based energy consumption" and intends to diversify its funding base.

^* Corporate bonds issued for the purpose of using the funds from them for initiative that are in line with the company's long-term transition strategies to reduce greenhouse gas.

　The proceeds from the transition bond will be allocated to development of a highly efficient thermal power plant and suspension or abolition of existing thermal power plants.

　With the issuance of the transition bond, the company has established the Kyushu Electric Power Sustainable Finance Framework.
　DNV Business Assurance Japan K.K., a third-party evaluation organization, has evaluated and verified eligibility of the framework to various standards related to green, transition and sustainability-linked finance.

　The Kyuden Group considers carbon neutrality and other changes in the business environment as a transformative opportunity to achieve further corporate growth.

Overview of the transition bond (tentative)

This announcement is for information purposes only and should not be regarded as an offer to sell or as a solicitation of an offer to buy any financial product.