Daiwa House REIT Investment Corporation Issues Green Bonds
May 22, 2020 — Daiwa House REIT Investment Corporation announced that it has decided to issue investment corporation bonds (Green Bonds) based on the comprehensive resolution at the board of directors’ meeting held on April 16, 2020.
Overview of the investment corporation bonds
Reason for the issuance
DHR decided to issue the Green Bonds with an aim to expand the investor base as well as ensure stable fundraising methods along with further promoting ESG initiatives.
The Green Bonds are to be issued as green bonds based on the mechanism of the issuance of the green bonds (green finance framework) formulated by DHR as described in the press release “Notice Concerning Submission of Revised Shelf Registration Statement for Issuance of Green Bonds” on May 12, 2020.
As a third-party assessment on the Green Bonds, DHR received an evaluation rating of “Green 1”, the highest rating in the JCR Green Bond Evaluation (Note), from the Japan Credit Rating Agency, Ltd. (“JCR”).
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