Nippon Reit Investment Issues 1.3 Billion Yen in Green Bonds to Fund Asset Acquisition

MT Newswires Live04-18

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%

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