GLP J-REIT gets ¥1 billion sustainability loan with Resona Bank

By Mary-Katherine Stinson

Lexington, Ky., Aug. 31 – GLP J-REIT closed on a ¥1 billion sustainability loan with Resona Bank, Ltd. as part of the company’s total new borrowings of ¥23.57 billion, according to a company news release.

The sustainability loan will bear interest at Tibor plus 15 basis points.

It matures May 28, 2027.

The sustainability loan was added to increase ESG financing. The company’s green finance initiatives address both environmental sustainability and finance projects that contribute to solve social issues. Specifically, eligible green projects include green buildings that contribute to the safety of residents during disaster, development of the local living environment, revitalization of the local community and parenting support.

Proceeds from the sustainability loan will be used to repay the loan maturing Sept. 2.

The investment company is based in Tokyo.

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