Nippon Reit Investment (TYO:3296) is issuing 1.3 billion yen in unsecured green bonds, maturing in April 2030, to fund the acquisition of two Tokyo properties, according to its Thursday bourse filing.
The bonds, carrying a 1.346% annual interest rate, will be issued on April 23, 2025, with biannual interest payments.
The issuance earned the highest Green1(F) rating from Japan Credit Rating Agency for its Green Finance Framework.
Major underwriters include Mitsubishi UFJ Morgan Stanley Securities and SMBC Nikko Securities, with commitments from regional banks like The Sugamo Shinkin Bank.
Price (JPY): $83800.00, Change: $-200, Percent Change: -0.24%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.