Social bond

Name	Unsecured Straight Bonds No.91
Date of Issue	10th of June, 2022
Date of determination of terms	3rd of June, 2022
Duration	5 years
Issue Amount (Millions Yen)	10,000
Use of Proceeds	The project aims to address social issues faced by underserved micro, small and medium enterprises and individuals in Southeast Asia, India and other emerging markets and will use the funds for new expenditures or refinancing related to the following projects. ■Credit Saison provides funds to Kisetsu Saison Finance (India) Pvt. Ltd., an India subsidiary, through equity investments and/or loans. The India subsidiary lends to local non-banks, FinTech companies and others, and these companies and the India subsidiary itself lend to MSMEs and individuals. ■Credit Saison provides funds to Saison Capital Pte. Ltd., a Singapore subsidiary, through loans. The Singapore subsidiary uses the funds to increase equity investments and/or loans to start-ups (e.g., non-banks, FinTech companies) that work on realizing financial inclusion.
Press release	Announcement of Issuance of Social Bonds

Third party eligibility assessment

In January 2022, we received an independent third-party eligibility assessment of our social bonds from Rating and Investment Information, Inc. ("R&I") as an independent third-party of evaluation of social bonds, which the Company has established a social bond framework in January 2022 that complies with the "Social Bond Principles 2021" of the International Capital Markets Association ("ICMA") and the "Social Bond Guidelines 2021" of the Financial Services Agency.

Social bond second opinion(JP only)

Management of Proceeds

The funds raised through social bonds shall be allocated to each local subsidiary based on an investment and financing plans of each local subsidiaries for eligible projects, and shall be properly managed with SDGs Bond Fund Management file.

Report

All the funds raised through social bonds was allotted to an appropriate loans outstanding at the end of Mar’23. On top of the funds raised through social bonds, Credit Saison added some funds and total loans outstanding to end borrower was JPY 10,228,049,937.

Status of allotment of proceeds

Items	Amount(Yen)
Total amount of proceeds(Issued amount less costs of issuance)	9,942,718,160
Amount remit from CS to subject entities in FY2022 (actual)	9,942,718,160
Of which, capital increase and/or loans outstanding to India entity	8,622,718,160
Of which, loans outstanding from India entity to local fintech/non-bank company	8,622,718,160
Of which, loans outstanding to end borrower	8,622,718,160
Of which, loans outstanding to Singapore entity	1,320,000,000
Of which, loans outstanding from Singapore entity to local fintech/non-bank company	1,320,000,000
Of which, loans outstanding to end borrower	1,320,000,000
Unallocated balance to end borrower at the end of Mar 2023	0
Loans outstanding to end borrower incl. additional funds from CS at the end of Mar 2023	10,228,049,937

Impact report

Output

Amount of loans outstanding	JPY 10,228,049,937
Number of loans (active)	112,130
Number of disbursed loans (accumulated) *Data collection period from 1^st Apr 2022 to 31^st Mar 2023	11,041,601

(As of end of Mar 2023)

Outcome

Number of employees of local fintech/nonbank company	74,804
Number of MSME clients (active loans)	837,684
Number of individual clients (active loans)	17,094,490