Chicago, Nov. 12 – CRE Logistics REIT, Inc. priced ¥2 billion of 0.72% green bonds due Nov. 26, 2031 (Rating and Investment: A-), according to a notice.
This is the second green bond for the issuer.
The bonds can be redeemed early at any time.
Mizuho Securities Co., Ltd. and Nomura Securities Co., Ltd. underwrote the public issue.
Like the first issue, CRE said the issue will promote the acquisition of environmentally conscious logistics facilities and enhance financing methods by expanding the base of investors interested in ESG investment.
Proceeds will be used to prepay ¥2 billion of borrowings raised to acquire LogiSquare Osaka Katano.
The real estate investment trust is based in Japan.
| Issuer: | CRE Logistics REIT, Inc.
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| Issue: | Green investment corporation bonds
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| Amount: | ¥2 billion
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| Maturity: | Nov. 26, 2031
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| Bookrunners: | Mizuho Securities Co., Ltd. and Nomura Securities Co., Ltd.
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| Green assessor: | Japan Credit Rating Agency, Ltd.
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| Coupon: | 0.72%
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| Price: | Par
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| Yield: | 0.72%
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| Call: | At any time
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| Pricing date: | Nov. 11
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| Settlement date: | Nov. 26
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