Chicago, Nov. 12 – Daiwa House REIT Investment Corp. priced ¥4 billion of sustainability bonds (Japan Credit: AA) in two parts, according to an announcement.
A ¥3 billion 10-year tranche priced with a 0.4% coupon.
The company also sold ¥1 billion of 0.66% bonds with a 15-year tenor.
The bonds are callable at any time.
SMBC Nikko Securities Inc. and Mizuho Securities Co., Ltd. were underwriters for the shorter-dated tranche. SMBC Nikko underwrote the 15-year bonds.
Proceeds will be used to repay ¥4 billion of short-term loans that were issued for the acquisition of Granode Hiroshima, an eligible sustainability asset.
Daiwa House is a real estate investment trust based in Tokyo.
| Issuer: | Daiwa House REIT Investment Corp.
|
| Issue: | Sustainability bonds
|
| Amount: | ¥4 billion
|
| Green assessor: | Japan Credit Rating Agency, Ltd.
|
| Trade date: | Nov. 10
|
| Settlement date: | Nov. 17
|
| Rating: | Japan Credit: AA
|
| Distribution: | Public
|
|
|
| 10-year bonds
|
| Amount: | ¥3 billion
|
| Maturity: | Nov. 17, 2031
|
| Bookrunners: | SMBC Nikko Securities Inc. and Mizuho Securities Co., Ltd.
|
| Coupon: | 0.4%
|
| Call features: | Callable at any time
|
|
|
| 15-year bonds
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| Amount: | ¥1 billion
|
| Maturity: | Nov. 17, 2036
|
| Bookrunner: | SMBC Nikko Securities Inc.
|
| Coupon: | 0.66%
|
| Call features: | Callable at any time
|
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