New Issue: Daiwa House REIT prices ¥6 billion 10-year green bonds to yield 0.53%

By Marisa Wong

Los Angeles, Nov. 15 – Daiwa House REIT Investment Corp. priced ¥6 billion of 0.53% 10-year green bonds at par on Friday, according to a notice.

SMBC Nikko Securities Inc., Mizuho Securities Co., Ltd., Mitsubishi UFJ and Morgan Stanley Securities Co., Ltd. are the underwriters.

Proceeds will be used to repay long-term loans, which were originally borrowed to fund the acquisition of some green assets.

Daiwa House is a real estate investment trust based in Tokyo.

Issuer:	Daiwa House REIT Investment Corp.
Issue:	Green bonds
Amount:	¥6 billion
Maturity:	Nov. 22, 2029
Underwriters:	SMBC Nikko Securities Inc., Mizuho Securities Co., Ltd., Mitsubishi UFJ and Morgan Stanley Securities Co., Ltd.
Coupon:	0.53%
Price:	Par
Yield:	0.53%
Pricing date:	Nov. 15
Settlement date:	Nov. 25
Rating:	Japan Credit Rating Agency, Ltd.: AA

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