Rating and Bond Information

Straight Bond Information

Bond Name	Issue Date (Payment Date)	Maturity Date	Term	Issue Amount	Coupon Rate	Investment Unit
21st Unsecured Bond	June 13, 2022	June 13, 2025	3 Years	JPY 150bn	0.72%	JPY 0.5m
20th Unsecured Bond	December 2, 2021	December 2, 2036	15 Years	JPY 45bn	1.50%	JPY 100m
19th Unsecured Bond	December 2, 2021	December 2, 2033	12 Years	JPY 40bn	1.30%	JPY 100m
18th Unsecured Bond	December 2, 2021	December 2, 2031	10 Years	JPY 85bn	1.05%	JPY 100m
17th Unsecured Bond	December 2, 2021	December 1, 2028	7 Years	JPY 10bn	0.80%	JPY 100m
16th Unsecured Bond	December 2, 2021	December 2, 2026	5 Years	JPY 45bn	0.60%	JPY 100m
15th Unsecured Bond	December 2, 2021	December 2, 2024	3 Years	JPY 75bn	0.50％	JPY 100m
USD-denominated Unsecured Bond due November 2024	November 27, 2019	November 27, 2024	5 Years	USD 800m	3.546%	*1
14th Unsecured Bond	June 25, 2019	June 23, 2034	15 Years	JPY 20bn	0.90%	JPY 100m
13th Unsecured Bond	June 25, 2019	June 25, 2029	10 Years	JPY 20bn	0.45%	JPY 100m
12th Unsecured Bond	June 25, 2019	June 25, 2026	7 Years	JPY 20bn	0.35%	JPY 100m
11th Unsecured Bond	June 25, 2019	June 25, 2024	5 Years	JPY 10bn	0.25%	JPY 100m
9th Unsecured Bond	June 6, 2017	June 25, 2027	10 Years	JPY 10bn	0.42％	JPY 100m
8th Unsecured Bond	June 6, 2017	June 25, 2024	7 Years	JPY 20bn	0.32％	JPY 100m
5th Unsecured Bond	June 30, 2016	June 23, 2023	7 Years	JPY 10bn	0.25％	JPY 100m

The information on this page should not be construed as an offer or solicitation to invest in bonds of the Company.
1 Investment Unit：USD 200k and integral multiples of USD 1k in excess thereof

Subordinated Bonds Information

Bond Name	Issue Date (Payment Date)	Maturity Date	Term	Issue Amount	Initial Coupon Rate	Investment Unit
Undated Subordinated NC5 Fixed Rate Reset Notes	April 22, 2021	No Maturity^*1	No Maturity	USD750m	5.125%	*4
Undated Subordinated NC6 Fixed Rate Reset Notes	April 22, 2021	No Maturity^*2	No Maturity	EUR1bn	4.250%	*5
Undated Subordinated NC10 Fixed Rate Reset Notes	April 22, 2021	No Maturity^*3	No Maturity	USD1bn	6.250%	*4
6th Subordinated Bond	November 4, 2020	November 4, 2060 ^*6	40 Years	JPY 50bn	3.00%	JPY 100m
5th Subordinated Bond	November 4, 2020	November 4, 2057 ^*7	37 Years	JPY 20bn	2.48%	JPY 100m
4th Subordinated Bond	November 4, 2020	November 4, 2055 ^*8	35 Years	JPY 50bn	1.81%	JPY 100m
3rd Subordinated Bond	December 13, 2018	December 13, 2058 ^*9	40 Years	JPY 13bn	3.00%	JPY 100m
2nd Subordinated Bond	December 13, 2018	December 13, 2055 ^*10	37 Years	JPY 29bn	2.61%	JPY 100m
1st Subordinated Bond	December 13, 2018	December 13, 2053 ^*11	35 Years	JPY 140bn	2.35%	JPY 100m

1 Rakuten may, at its discretion, redeem the Notes on April 22, 2026 or any interest payment date thereafter
2 Rakuten may, at its discretion, redeem the Notes on April 22, 2027 or any interest payment date thereafter
3 Rakuten may, at its discretion, redeem the Notes on April 22, 2031 or any interest payment date thereafter
4 Investment Unit：USD200k and integral multiples of USD 1k in excess thereof
5 Investment Unit：EUR200k and integral multiples of EUR 1k in excess thereof
6 Rakuten may, at its discretion, redeem the Subordinated Bonds on November 4, 2030 or any interest payment date thereafter
7 Rakuten may, at its discretion, redeem the Subordinated Bonds on November 4, 2027 or any interest payment date thereafter
8 Rakuten may, at its discretion, redeem the Subordinated Bonds on November 4, 2025 or any interest payment date thereafter
9 Rakuten may, at its discretion, redeem the Subordinated Bonds on December 13, 2028 or any interest payment date thereafter
10 Rakuten may, at its discretion, redeem the Subordinated Bonds on December 13, 2025 or any interest payment date thereafter
11 Rakuten may, at its discretion, redeem the Subordinated Bonds on December 13, 2023 or any interest payment date thereafter

(As of July 26, 2021)
Credit Agency	Long-term	Short-term
Rating and Investment Information, Inc. (R&I)	A-	a-1
Japan Credit Rating Agency, Ltd. (JCR)	A	J-1
S&P Global Ratings	BB+	-