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

5-year bonds10-year bonds20-year bonds
(1) NameDaiwa House REIT Investment Corporation 10th Unsecured Investment Corporation Bonds (with pari passu conditions among specified investment corporation bonds) (green bonds)Daiwa House REIT Investment Corporation 11th Unsecured Investment Corporation Bonds (with pari passu conditions among specified investment corporation bonds) (green bonds)Daiwa House REIT Investment Corporation 12th Unsecured Investment Corporation Bonds (with pari passu conditions among specified investment corporation bonds) (green bonds)
Nickname: DHR Green BondsDHR Green BondsDHR Green Bonds
(2) Total issue amount2,400 million yen1,600 million yen1,000 million yen
(3) Form of bond certificateNo bond certificates for the Green Bonds will be issued subject to the provisions of the Act on Book-Entry Transfer of Company Bonds, Shares, etc.No bond certificates for the Green Bonds will be issued subject to the provisions of the Act on Book-Entry Transfer of Company Bonds, Shares, etc.No bond certificates for the Green Bonds will be issued subject to the provisions of the Act on Book-Entry Transfer of Company Bonds, Shares, etc.
(4) Issue price100 yen per value of 100 yen of each bond100 yen per value of 100 yen of each bond100 yen per value of 100 yen of each bond
(5) Redemption price100 yen per value of 100 yen of each bond100 yen per value of 100 yen of each bond100 yen per value of 100 yen of each bond
(6) Interest rate0.340% per annum0.640% per annum1.000% per annum
(7) Denomination of each bond100 million yen100 million yen100 million yen
(8) Offering methodPublic offeringPublic offeringPublic offering
(9) Subscription periodMay 21, 2020 (Thursday)May 21, 2020 (Thursday)May 21, 2020 (Thursday)
(10) Payment dateMay 27, 2020 (Wednesday)May 27, 2020 (Wednesday)May 27, 2020 (Wednesday)
(11) Collateral and guaranteeNo collateral or guarantee is provided for the Green Bonds, and no asset is reserved as security specifically for the Green Bonds.No collateral or guarantee is provided for the Green Bonds, and no asset is reserved as security specifically for the Green Bonds.No collateral or guarantee is provided for the Green Bonds, and no asset is reserved as security specifically for the Green Bonds.
(12) Redemption method and datea. The total issue amount will be redeemed on May 27, 2025.a. The total issue amount will be redeemed on May 27, 2030.a. The total issue amount will be redeemed on May 25, 2040.
b. The Green Bonds may be retired by purchase at any time after the payment date unless otherwise stipulated by the depository.b. The Green Bonds may be retired by purchase at any time after the payment date unless otherwise stipulated by the depository.b. The Green Bonds may be retired by purchase at any time after the payment date unless otherwise stipulated by the depository.
(13) Interest payment dateMay 27 and November 27 every year
(In case such date is a bank holiday, the immediately preceding bank business day will be the date.)
May 27 and November 27 every year
(In case such date is a bank holiday, the immediately preceding bank business day will be the date.)
May 27 and November 27 every year
(In case such date is a bank holiday, the immediately preceding bank business day will be the date.)
(14) Financial covenantsNegative pledge clause is applicable.Negative pledge clause is applicable.Negative pledge clause is applicable.
(15) Credit ratinghttps://www.daiwahouse-reit.co.jp/file/en-ir_news-6e1d20dc40d4d2e82d429817b11eac9a9721dd72.pdfhttps://www.daiwahouse-reit.co.jp/file/en-ir_news-6e1d20dc40d4d2e82d429817b11eac9a9721dd72.pdfhttps://www.daiwahouse-reit.co.jp/file/en-ir_news-6e1d20dc40d4d2e82d429817b11eac9a9721dd72.pdf

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