By Wendy Van Sickle
Columbus, Ohio, Dec. 8 – Invincible Investment Corp. priced ¥1.8 billion of 1.297% five-year green bonds (Japan Securities Depository Center: A) at par in a public offering on Friday, according to a company notice.
Mizuho Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Nomura Securities Co., Ltd. and SMBC Nikko Securities Inc. were the lead underwriters.
The bonds may be purchased and canceled at any time, except when prohibited by laws and regulations.
Proceeds will be used to repay a part of a ¥4.81 billion loan that will mature on Jan. 16, which was used to acquire a green resort building.
Based in Tokyo, Invincible is a real estate investment trust that invests primarily in hotels and residential assets.
| Issuer: | Invincible Investment Corp.
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| Amount: | ¥1.8 billion
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| Issue: | Green bonds
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| Maturity: | Dec. 14, 2028
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| Lead underwriters: | Mizuho Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Nomura Securities Co., Ltd. and SMBC Nikko Securities Inc.
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| Paying agent: | Mizuho Bank, Ltd.
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| Coupon: | 1.297%
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| Price: | Par of ¥100 apiece
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| Yield: | 1.297%
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| Pricing date: | Dec. 8
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| Settlement date: | Dec. 14
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| Rating: | Japan Securities Depository Center: A
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