By Rebecca Melvin
New York, March 16 – Nippon Building Fund Inc. priced a ¥5 billion debut green bond due March 19, 2026 on Tuesday, according to a company release.
The 0.15% bonds priced at par.
Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. is the underwriter. Fiscal, issuing and paying agent is Sumitomo Mitsui Trust Bank Ltd.
The proceeds will be used to repay short-term loans borrowed on Sept. 30 including subsequent refinancing as funds for the acquisition of Osaki Bright Tower, Nagoya Mitsui Main Building, and Nagoya Mitsui New Building on Oct. 1.
The office real estate investment trust is based in Tokyo.
| Issuer: | Nippon Building Fund Inc.
|
| Amount: | ¥5 billion
|
| Maturity: | March 19, 2026
|
| Securities: | Green bond
|
| Underwriter: | Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.
|
| Coupon: | 0.15%
|
| Price: | Par
|
| Yield: | 0.15%
|
| Trade date: | March 16
|
| Settlement date: | March 22
|
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