Investor Presentaiton
Chuo Shinkansen Project - Securing of Long-Term Debt Using the Fiscal
Investment and Loan Program (FILP)
Securing long-term, fixed, low-interest funds ā Reduction of management risk
<Key terms of loan agreement>
Results for FY2016
First loan
Second loan
Third loan
Amount to be Borrowed
500 billion yen
500 billion yen
500 billion yen
Interest Rate (Fixed
0.6%
throughout the entire period)
Borrowing Date
November 29,
2016
Maturity Date
November 29,
2055
0.8%
January 16,
2017
January 16,
2056
0.9%
| Scheduled
loan amount
March 10, 2017
March 10, 2056
in FY2017:
1.5 trillion
yen
Total of 3 trillion yen
(Plan)
30%
[Advantages for JR Central]
Rise in interest rate, funds
procurement, redemption
Reduction of each risks
Start by making full efforts in the construction
between Shinagawa and Nagoya
2027
<Existing
plan>
Construction between
Shinagawa and Nagoya
Management strength
restoration period
(8 years)
Construction between
Nagoya and Osaka
Start of operation
in Osaka
Construction between
Nagoya and Osaka
Start of operation in
ā Osaka
Front-load by a
maximum of 8 years
Not need to redeem at fixed, low interest for about 30 years
Equal principal repayment
over a period of about
10 years
<Front-
loading>
Construction between
Shinagawa and Nagoya
<FILP-based
loan>
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