May 21st, 2021 
Announcement to invest in the “Social bonds” to be issued by  
Japan Student Services Organization (“JASSO”) 
 FALIA announced its decision to invest in No. 63 JASSO Bond issued by Japan Student Services 
Organization (“JASSO”) 
"Social bonds" are bonds issued to raise funds to exclusively finance projects that address specific social 
issues (Social Projects). Social bonds are one of the financial instruments recognized as ESG(1) 
Investments, together with green bonds. The Bonds have obtained a second party opinion from Vigeo 
Eiris (France), a global ESG assessment organization, on the alignment with the Social Bond Principles 
issued by the International Capital Market Association (ICMA) and will be issued as "Social Bonds". 
 The proceeds from the Bonds will be used as financial resources for scholarship loans provided through 
the Scholarship Programs operated by JASSO. The Scholarship Programs  contribute to achieving the 
“Equal Opportunity in Education” as stipulated in Article 26 of the Constitution of Japan and Article 4 of the 
Basic Act on Education and the Goal 4 of the United Nations Sustainable Development Goals (SDGs)(2), 
which aims to “Ensure inclusive and equitable quality education and promote lifelong learning 
opportunities for all,” as well as addressing educational issues in Japan. 
 FALIA aims to improve life and insurance literacy among people in the developing countries worldwide. 
In order to attain the aim, FALIA will educate, guide and support people for the sound development of the 
insurance business. As one of our insurance literacy enhancement activities, FALIA conducts the essay 
contest on insurance topic for the oversea students who attend the Japanese universities. FALIA decided 
to invest No. 63 JASSO Bond in order to contribute to support the oversea students financially by 
assisting the scholarship program operated by JASSO and attain Goal 4 of SDGs. 
FALIA will continue to invest ESG bond for the future to contribute to attain SDGs. 
<Overview of the Bonds> 
Issue No. 63 JASSO Bond 
Issue amount 30 billion yen 
Maturity period 2 years 
Issue Date June 9th, 2021 
*1 ：ESG investment refers to an investment approach that focuses specifically on Environmental, Social 
and Governance factors. 
*2：The Sustainable Development Goals (SDGs) are 17 goals and 169 targets that member countries 
should achieve by 2030, as stated in the "The 2030 Agenda for Sustainable Development" adopted at the 
United Nations Sustainable Development Summit in September 2015. 