Published on 1/20/2022 in the Prospect News Green Finance Daily.
New Issue: Kenedix Retail REIT selling ¥2 billion of 0.46% 10-year green bonds
By Devika Patel
Knoxville, Tenn., Jan. 20 – Kenedix Retail REIT Corp. will issue ¥2 billion of 0.46% 10-year green bonds arranged by Goldman Sachs Japan Co. Ltd. The bonds are rated AA-.
SMBC Nikko Securities Inc., Daiwa Securities Co. Ltd., Nomura Securities Co., Ltd. and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. are the underwriters.
Proceeds will be used to repay debt that was borrowed to acquire some eligible green assets.
The real estate investment trust is based in Japan.
| Issuer: | Kenedix Retail REIT Corp.
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| Amount: | ¥2 billion
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| Description: | Green bonds
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| Maturity: | Jan. 28, 2032
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| Underwriters: | SMBC Nikko Securities Inc., Daiwa Securities Co. Ltd., Nomura Securities Co., Ltd. and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
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| Coupon: | 0.46%
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| Pricing date: | Jan. 20
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| Settlement date: | Jan. 28
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| Ratings: | Japan Credit Agency: AA-
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