By Mary-Katherine Stinson
Lexington, Ky., Sept. 13 – Japan Metropolitan Fund Investment Corp. priced ¥3.5 billion of 0.678% green bonds due Sept. 29, 2028 (Japan Credit Rating Agency: AA) on Wednesday, according to a notice.
The sixth unsecured investment corporation bonds priced at par.
There is a negative pledge clause attached.
Mizuho Securities Co., Ltd., SMBC Nikko Securities Inc. and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. are the underwriters.
The bond was issued under the company’s green bond framework, which has been evaluated by Sustainalytics.
A portion of the proceeds, which are estimated to be ¥3.476 billion, will be used for the acquisition of JMF-Residence Machida on Oct. 2, including the appropriation to the reduced cash on hand due to the deposit payment.
The real estate investment trust is based in Tokyo.
| Issuer: | Japan Metropolitan Fund Investment Corp.
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| Amount: | ¥3.5 billion
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| Issue: | Green bonds
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| Maturity: | Sept. 29, 2028
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| Underwriters: | Mizuho Securities Co., Ltd., SMBC Nikko Securities Inc. and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
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| Trustee: | Mizuho Bank, Ltd. as fiscal agent
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| Green assessor: | Sustainalytics
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| Coupon: | 0.678%
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| Price: | Par
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| Yield: | 0.678%
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| Pricing date: | Sept. 13
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| Settlement date: | Sept. 29
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| Rating: | Japan Credit Rating Agency: AA
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| Distribution: | Public
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