ORIX Bank to Issue Sustainability Bonds for the First Time

TOKYO, Japan - October 27, 2022 - ORIX Bank Corporation (“ORIX Bank”) announced today that it will issue sustainability bonds (unsecured straight bonds ) for the first time.

The sustainability bonds will be issued through a public offering in the Japanese market. Proceeds from the bonds will be used for investing in and lending for projects in the six business segments which meet the sustainability eligibility criteria defined in the sustainability finance framework that ORIX Bank has established^*1. This framework has been assigned “SU1 (F),” the highest possible rating in the JCR Sustainability Finance Framework Evaluation by Japan Credit Rating Agency, Ltd. (JCR) ^*2.

To respond to the environment, social, and governance (“ESG”) investing needs of institutional investors such as local financial institutions, ORIX Bank is continuing to offer securitized products evaluated as “green” and “social”. Proceeds from the sustainability bonds will be used for investing in and lending for businesses and projects that contribute to resolving environmental and/or social issues. In addition, ORIX Bank will form securitized products backed by these assets to accelerate and expand the cycle of funding and investment opportunities in ESG areas.

Through management and business activities that prioritize sustainability, ORIX Bank intends to resolve various issues faced both by its customers and by society, and contribute to the creation of a sustainable society.

*1 Appendix to Notice “Sustainability Finance Framework” (January 25, 2022)[965KB] (in Japanese)
*2 News Release from Japan Credit Rating Agency, Ltd. (JCR) “JCR Assigned SU1 (F) to Sustainability Finance Framework of ORIX Bank” (January 25, 2022)[2.18MB] (in Japanese)

■Overview of the sustainability bonds

■Caution concerning this press release
This press release is provided for information purposes only. It does not constitute an offer for sale, or a solicitation for purchase, of any securities.

Contact Information:
Investor Relations and Sustainability Department
ORIX Corporation
Tel: +81-3-3435-3121

About ORIX:
ORIX Corporation (TSE: 8591; NYSE: IX) is a financial services group which provides innovative products and services to its customers by constantly pursuing new businesses.
Established in 1964, from its start in the leasing business, ORIX has advanced into neighboring fields and at present has expanded into lending, investment, life insurance, banking, asset management, automobile related, real estate and environment and energy related businesses. Since entering Hong Kong in 1971, ORIX has spread its businesses globally by establishing locations in 28 countries and regions across the world.
Going forward, ORIX intends to utilize its strengths and expertise, which generate new value, to establish an independent ORIX business model that continues to evolve perpetually. In this way, ORIX will engage in business activities that instill vitality in its companies and workforce, and thereby contribute to society. For more details, please visit our website: https://www.orix.co.jp/grp/en/
(As of March 31, 2022)

Caution Concerning Forward Looking Statements:
These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results that differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under “Risk Factors” in the Company’s annual report on Form 20-F filed with the United States Securities and Exchange Commission and under “(4) Risk Factors” of the “1. Summary of Consolidated Financial Results” of the “Consolidated Financial Results April 1, 2021 – March 31, 2022” furnished on Form 6-K.