By Devika Patel
Knoxville, Tenn., Feb. 18 – GLP J-REIT priced a ¥3.3 billion sale of sustainability bonds (JCR: AA) in two parts on Friday, according to a company news release.
The company is selling ¥2 billion 0.13% three-year bonds and ¥1.3 billion 0.52% 10-year bonds.
SMBC Nikko Securities Inc., Nomura Securities Co., Ltd., Mizuho Securities Co., Ltd. and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. were the underwriters. MUFG Bank Ltd. is the fiscal agent, issuing agent and payment agent.
Proceeds will be used to repay a loan due on Feb. 28, 2022.
The investment company is based in Tokyo.
| Issuer: | GLP J-REIT
|
| Amount: | ¥3.3 billion
|
| Securities: | Sustainability bonds
|
| Underwriters: | SMBC Nikko Securities Inc., Nomura Securities Co., Ltd., Mizuho Securities Co., Ltd. and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
|
| Trade date: | Feb. 18
|
| Settlement date: | Feb. 25
|
| Rating: | Japan Credit Rating Agency: AA
|
|
|
| 2025 bonds
|
| Amount: | ¥2 billion
|
| Maturity: | Feb. 25, 2025
|
| Coupon: | 0.13%
|
| Price: | Par
|
| Yield: | 0.13%
|
|
|
| 2032 bonds
|
| Amount: | ¥1.3 billion
|
| Maturity: | Feb. 25, 2032
|
| Coupon: | 0.52%
|
| Price: | Par
|
| Yield: | 0.52%
|
|
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