{"id":70728,"date":"2026-04-13T13:50:27","date_gmt":"2026-04-13T04:50:27","guid":{"rendered":"https:\/\/wordpress.realcollector.jp\/blog\/?p=70728"},"modified":"2026-04-13T13:50:27","modified_gmt":"2026-04-13T04:50:27","slug":"%e5%8a%a3%e5%be%8c%e5%82%b5","status":"publish","type":"post","link":"https:\/\/wordpress.realcollector.jp\/blog\/?p=70728","title":{"rendered":"\u52a3\u5f8c\u50b5"},"content":{"rendered":"

\u52a3\u5f8c\u50b5\u3068\u306f\u3001\u767a\u884c\u4f53\u304c\u5012\u7523\u3084\u6e05\u7b97\u306b\u81f3\u3063\u305f\u969b\u3001\u666e\u901a\u793e\u50b5\u306a\u3069\u306e\u300c\u512a\u5148\u50b5\u6a29\u300d\u306b\u5bfe\u3057\u3066\u8fd4\u6e08\u9806\u4f4d\u304c\u52a3\u5f8c\uff08\u5f8c\u56de\u3057\uff09\u3055\u308c\u308b\u50b5\u5238\u3067\u3059\u3002\u901a\u5e38\u306e\u50b5\u5238\u3088\u308a\u3082\u9ad8\u3044\u5229\u56de\u308a\u304c\u8a2d\u5b9a\u3055\u308c\u308b\u4e00\u65b9\u3067\u3001\u5143\u672c\u3084\u5229\u5b50\u306e\u652f\u6255\u3044\u3084\u511f\u9084\u306b\u304a\u3044\u3066\u3001\u666e\u901a\u50b5\u6a29\u3088\u308a\u3082\u30ea\u30b9\u30af\u304c\u9ad8\u3044\u3053\u3068\u304c\u7279\u5fb4\u3067\u3059\u3002\u7279\u306b\u9280\u884c\u3084\u4fdd\u967a\u4f1a\u793e\u306a\u3069\u306e\u91d1\u878d\u6a5f\u95a2\u304c\u8cc7\u672c\u5f37\u5316\u3092\u76ee\u7684\u306b\u767a\u884c\u3059\u308b\u3053\u3068\u304c\u591a\u304f\u3001\u30d0\u30fc\u30bc\u30eb\u898f\u5236\u306e\u81ea\u5df1\u8cc7\u672cTier2\u306b\u7b97\u5165\u3055\u308c\u308b\u305f\u3081\u3001\u30ea\u30b9\u30af\u5438\u53ce\u80fd\u529b\u3092\u9ad8\u3081\u308b\u8cc7\u672c\u8abf\u9054\u624b\u6bb5\u3068\u3057\u3066\u6d3b\u7528\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u4ee5\u4e0b\u3067\u306f\u3001\u52a3\u5f8c\u50b5\u306e\u6982\u8981\u3001\u4ed5\u7d44\u307f\u3001\u767a\u884c\u76ee\u7684\u3001\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306e\u30e1\u30ea\u30c3\u30c8\u30fb\u30c7\u30e1\u30ea\u30c3\u30c8\u306a\u3069\u3092\u8a73\u3057\u304f\u8aac\u660e\u3057\u307e\u3059\u3002<\/p>\n

1. \u52a3\u5f8c\u50b5\u306e\u5b9a\u7fa9 \u52a3\u5f8c\u50b5\u306f\u3001\u50b5\u6a29\u8005\u5e73\u7b49\u306e\u539f\u5247\u306b\u304a\u3044\u3066\u300c\u540c\u9806\u4f4d\u306e\u50b5\u6a29\u300d\u3068\u540c\u5217\u3082\u3057\u304f\u306f\u300c\u5148\u9806\u4f4d\u306e\u666e\u901a\u50b5\u6a29\u300d\u306b\u512a\u5148\u3057\u3066\u8fd4\u6e08\u3055\u308c\u306a\u3044\u3068\u3044\u3046\u6761\u4ef6\u304c\u4ed8\u3055\u308c\u305f\u793e\u50b5\u3067\u3059\u3002\u767a\u884c\u4f53\u304c\u50b5\u52d9\u4e0d\u5c65\u884c\uff08\u30c7\u30d5\u30a9\u30eb\u30c8\uff09\u306b\u306a\u3063\u305f\u969b\u3001\u666e\u901a\u793e\u50b5\u3084\u9810\u91d1\u8005\u3001\u4e00\u822c\u306e\u91d1\u878d\u6a5f\u95a2\u304c\u4fdd\u6709\u3059\u308b\u50b5\u6a29\u306b\u5bfe\u3057\u3066\u3001\u5143\u672c\u3084\u5229\u606f\u306e\u652f\u6255\u3044\u304c\u5b8c\u4e86\u3057\u305f\u3042\u3068\u3067\u306a\u3051\u308c\u3070\u3001\u52a3\u5f8c\u50b5\u306e\u5f01\u6e08\u304c\u884c\u308f\u308c\u307e\u305b\u3093\u3002<\/p>\n

2. \u5229\u56de\u308a\u3068\u30ea\u30b9\u30af \u52a3\u5f8c\u50b5\u306f\u4fe1\u7528\u30ea\u30b9\u30af\u304c\u9ad8\u3044\u305f\u3081\u3001\u767a\u884c\u4f53\u306f\u901a\u5e38\u306e\u793e\u50b5\u3088\u308a\u3082\u9ad8\u3044\u30af\u30fc\u30dd\u30f3\uff08\u91d1\u5229\uff09\u3092\u8a2d\u5b9a\u3057\u307e\u3059\u3002\u6295\u8cc7\u5bb6\u306f\u9ad8\u3044\u5229\u56de\u308a\u3092\u4eab\u53d7\u3067\u304d\u308b\u4e00\u65b9\u3001\u5143\u672c\u6bc0\u640d\u30ea\u30b9\u30af\u3084\u511f\u9084\u5ef6\u671f\u30ea\u30b9\u30af\u3001\u5229\u6255\u3044\u505c\u6b62\u30ea\u30b9\u30af\u306a\u3069\u3092\u8ca0\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n

3. \u81ea\u5df1\u8cc7\u672c\u898f\u5236\u3068\u306e\u95a2\u4fc2 \u91d1\u878d\u6a5f\u95a2\u306f\u30d0\u30fc\u30bc\u30eb\u898f\u5236\u306b\u57fa\u3065\u304d\u3001Tier2\u8cc7\u672c\u3068\u3057\u3066\u52a3\u5f8c\u50b5\u3092\u8a08\u4e0a\u3067\u304d\u307e\u3059\u3002Tier2\u8cc7\u672c\u306f\u640d\u5931\u5438\u53ce\u80fd\u529b\u3092\u6301\u3064\u8cc7\u672c\u8981\u4ef6\u3067\u3042\u308a\u3001\u8cc7\u672c\u6bd4\u7387\u3092\u6539\u5584\u3059\u308b\u76ee\u7684\u3067\u767a\u884c\u3055\u308c\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u91d1\u878d\u6a5f\u95a2\u306f\u5065\u5168\u6027\u3092\u9ad8\u3081\u3064\u3064\u3001\u81ea\u5df1\u8cc7\u672c\u3092\u52b9\u7387\u7684\u306b\u8abf\u9054\u3067\u304d\u307e\u3059\u3002<\/p>\n

4. \u4e3b\u306a\u767a\u884c\u4f53\u3068\u5e02\u5834\u52d5\u5411 \u65e5\u672c\u56fd\u5185\u3067\u306f\u5927\u624b\u9280\u884c\u3084\u751f\u640d\u4fdd\u3001\u4f01\u696d\u91d1\u878d\u6a5f\u95a2\u304c\u52a3\u5f8c\u50b5\u3092\u767a\u884c\u3057\u3066\u3044\u307e\u3059\u3002\u8fd1\u5e74\u306e\u4f4e\u91d1\u5229\u74b0\u5883\u3084\u3001\u6b27\u7c73\u3092\u4e2d\u5fc3\u3068\u3057\u305f\u8ffd\u52a0\u7684\u81ea\u5df1\u8cc7\u672c Tier2 \u306e\u9700\u8981\u5897\u52a0\u3092\u80cc\u666f\u306b\u3001\u767a\u884c\u6b8b\u9ad8\u306f\u5897\u52a0\u50be\u5411\u306b\u3042\u308a\u307e\u3059\u3002\u307e\u305f\u3001ESG \u6295\u8cc7\u306e\u89b3\u70b9\u304b\u3089\u3001\u30b0\u30ea\u30fc\u30f3\u30fb\u30b5\u30b9\u30c6\u30ca\u30d3\u30ea\u30c6\u30a3\u30fb\u30d6\u30eb\u30fc\u7b49\u306e\u30ea\u30f3\u30b1\u30fc\u30b8\u50b5\u578b\u52a3\u5f8c\u50b5\u3082\u767b\u5834\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n

5. \u6295\u8cc7\u5bb6\u306e\u8996\u70b9 \u30e1\u30ea\u30c3\u30c8\u3068\u3057\u3066\u306f\u3001\u9ad8\u3044\u5229\u56de\u308a\u3068\u91d1\u878d\u6a5f\u95a2\u306e\u8cc7\u672c\u5f37\u5316\u652f\u63f4\u3078\u306e\u8ca2\u732e\u304c\u6319\u3052\u3089\u308c\u307e\u3059\u3002\u30c7\u30e1\u30ea\u30c3\u30c8\u3068\u3057\u3066\u306f\u3001\u52a3\u5f8c\u9806\u4f4d\u306b\u3088\u308b\u8fd4\u6e08\u30ea\u30b9\u30af\u306e\u5897\u5927\u3001\u4fe1\u7528\u683c\u4ed8\u306e\u4f4e\u4e0b\u30ea\u30b9\u30af\u3001\u65e9\u671f\u511f\u9084\u6761\u9805\u306e\u5b58\u5728\u306b\u3088\u308b\u518d\u6295\u8cc7\u30ea\u30b9\u30af\u306a\u3069\u304c\u6319\u3052\u3089\u308c\u307e\u3059\u3002\u6295\u8cc7\u5224\u65ad\u306b\u3042\u305f\u3063\u3066\u306f\u3001\u767a\u884c\u4f53\u306e\u4fe1\u7528\u529b\u3001\u683c\u4ed8\u4f1a\u793e\u306e\u8a55\u4fa1\u3001\u52a3\u5f8c\u50b5\u306e\u5951\u7d04\u6761\u9805\uff08\u65e9\u671f\u511f\u9084\u6a29\u3001\u30b3\u30fc\u30eb\u30aa\u30d7\u30b7\u30e7\u30f3\u7b49\uff09\u3092\u5341\u5206\u306b\u78ba\u8a8d\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n

\u7279\u5fb4\uff08\u4e3b\u306a\u30dd\u30a4\u30f3\u30c8\uff09 1. \u8fd4\u6e08\u9806\u4f4d\u304c\u666e\u901a\u793e\u50b5\u3084\u9810\u91d1\u3088\u308a\u3082\u52a3\u5f8c\u3057\u3066\u3044\u308b\u3002 2. \u30af\u30fc\u30dd\u30f3\uff08\u91d1\u5229\uff09\u306f\u666e\u901a\u793e\u50b5\u3088\u308a\u9ad8\u3081\u306b\u8a2d\u5b9a\u3055\u308c\u308b\u3002 3. \u30d0\u30fc\u30bc\u30eb\u898f\u5236\u306b\u304a\u3051\u308bTier2\u8cc7\u672c\u3068\u3057\u3066\u8a08\u4e0a\u53ef\u80fd\u3002 4. \u4fe1\u7528\u683c\u4ed8\u306f\u4e00\u822c\u306b\u666e\u901a\u793e\u50b5\u3088\u308a\u3082\u4f4e\u4e0b\u3057\u3084\u3059\u3044\u3002 5. \u30b3\u30fc\u30eb\u30aa\u30d7\u30b7\u30e7\u30f3\uff08\u767a\u884c\u4f53\u306b\u3088\u308b\u65e9\u671f\u511f\u9084\u6a29\uff09\u304c\u4ed8\u3055\u308c\u308b\u3053\u3068\u304c\u591a\u3044\u3002 6. \u767a\u884c\u4f53\u306e\u7834\u7dbb\u6642\u306b\u5143\u672c\u6bc0\u640d\u30ea\u30b9\u30af\u304c\u3042\u308b\u3002 7. ESG\u3084\u30b0\u30ea\u30fc\u30f3\u8981\u7d20\u3092\u7d44\u307f\u8fbc\u3093\u3060\u52a3\u5f8c\u50b5\u3082\u767b\u5834\u3057\u3066\u3044\u308b\u3002<\/p>\n

\u53c2\u8003\u6587\u732e\u30fb\u30a6\u30a7\u30d6\u30b5\u30a4\u30c8 1. \u91d1\u878d\u5e81\u300c\u81ea\u5df1\u8cc7\u672c\u898f\u5236\u306e\u6982\u8981\u300dhttps:\/\/www.fsa.go.jp\/common\/about\/ir\/<\/a> 2. \u65e5\u672c\u8a3c\u5238\u696d\u5354\u4f1a\u300c\u50b5\u5238\u5236\u5ea6\u30ac\u30a4\u30c9\u300dhttps:\/\/www.jsda.or.jp\/sonota\/bond\/guide\/<\/a> 3. \u65e5\u672c\u9280\u884c\u300c\u56fd\u969b\u57fa\u6e96\uff08\u30d0\u30fc\u30bc\u30eb\u898f\u5236\uff09\u306b\u95a2\u3059\u308b\u8aac\u660e\u300dhttps:\/\/www.boj.or.jp\/bstp\/basel\/<\/a> 4. Moody\u2019s Japan\u300c\u30b5\u30d6\u30aa\u30fc\u30c7\u30a3\u30cd\u30a4\u30c6\u30c3\u30c9\u30fb\u30c7\u30c3\u30c8\uff08\u52a3\u5f8c\u50b5\uff09\u306e\u7406\u89e3\u300dhttps:\/\/www.moodys.com\/page\/subordinated-debt<\/a> 5. S&P Global Ratings Japan\u300cSubordinated Debt Instruments\u300dhttps:\/\/www.spglobal.com\/ratings\/ja\/jp\/<\/a> 6. \u65e5\u672c\u7d4c\u6e08\u65b0\u805e\u300c\u52a3\u5f8c\u50b5\u306e\u4ed5\u7d44\u307f\u3068\u6295\u8cc7\u30ea\u30b9\u30af\u300dhttps:\/\/www.nikkei.com\/article\/DGXZQOUC\u2026<\/a> 7. Reuters Japan\u300c\u9280\u884c\u52a3\u5f8c\u50b5\u5e02\u5834\u306e\u52d5\u5411\u300dhttps:\/\/jp.reuters.com\/article\/subordinated-debt-idJPKBN2\u2026<\/a><\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u52a3\u5f8c\u50b5\u3068\u306f\u3001\u767a\u884c\u4f53\u304c\u5012\u7523\u3084\u6e05\u7b97\u306b\u81f3\u3063\u305f\u969b\u3001\u666e\u901a\u793e\u50b5\u306a\u3069\u306e\u300c\u512a\u5148\u50b5\u6a29\u300d\u306b\u5bfe\u3057\u3066\u8fd4\u6e08\u9806\u4f4d\u304c\u52a3\u5f8c\uff08\u5f8c\u56de\u3057\uff09\u3055\u308c\u308b\u50b5\u5238\u3067\u3059\u3002\u901a\u5e38\u306e\u50b5\u5238\u3088\u308a\u3082\u9ad8\u3044\u5229\u56de\u308a\u304c\u8a2d\u5b9a\u3055\u308c\u308b\u4e00\u65b9\u3067\u3001\u5143\u672c\u3084\u5229\u5b50\u306e\u652f\u6255\u3044\u3084\u511f\u9084\u306b\u304a\u3044\u3066\u3001\u666e\u901a\u50b5\u6a29\u3088\u308a\u3082\u30ea\u30b9\u30af\u304c\u9ad8 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10942],"tags":[15919,15918,15917,391,15920],"class_list":["post-70728","post","type-post","status-publish","format-standard","hentry","category-o4-mini","tag-15919","tag-15918","tag-15917","tag-391","tag-15920"],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/wordpress.realcollector.jp\/blog\/index.php?rest_route=\/wp\/v2\/posts\/70728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wordpress.realcollector.jp\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wordpress.realcollector.jp\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wordpress.realcollector.jp\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wordpress.realcollector.jp\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70728"}],"version-history":[{"count":1,"href":"https:\/\/wordpress.realcollector.jp\/blog\/index.php?rest_route=\/wp\/v2\/posts\/70728\/revisions"}],"predecessor-version":[{"id":70730,"href":"https:\/\/wordpress.realcollector.jp\/blog\/index.php?rest_route=\/wp\/v2\/posts\/70728\/revisions\/70730"}],"wp:attachment":[{"href":"https:\/\/wordpress.realcollector.jp\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wordpress.realcollector.jp\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wordpress.realcollector.jp\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}