* Information contained in this news release is current as of its date of announcement. Be aware that information contained herein is subject to change without notice.
September 6, 2019
Mitsui Fudosan Co., Ltd.
Mitsui Fudosan Co., Ltd., a leading global real estate company headquartered in Tokyo, announced today that terms and conditions have been determined for the green bond*1 it will issue for refinancing of funds to acquire reserved floors in Nihonbashi Muromachi Mitsui Tower completed in March 2019 in the A Zone of Nihonbashi Muromachi 3rd District Project (Type 1 Urban Area Redevelopment Project) in Muromachi 3-Chome, Chuoku, Tokyo.
Mitsui Fudosan is issuing the green bond as an initiative to enable a wide array of stakeholders to gain a higher level of awareness of the Mitsui Fudosan Group’s ESG policies, and to promote six specific goals the Group formulated in the previous fiscal year as top priority goals*2 for important issues for action under the “VISION 2025” group vision.
|Name||Mitsui Fudosan Co., Ltd. 68th Unsecured Bond (with inter-bond pari passu clause) (Green Bond)|
|Date of issue||September 12, 2019|
|Date of determining terms and conditions||September 6, 2019|
|Maturity||September 12, 2024|
|Amount of issue||¥50 billion|
|Use of proceeds||The full amount will be used as refinancing capital to acquire reserved floors in Nihonbashi Muromachi Mitsui Tower in the A Zone of Nihonbashi 3rd District Project (Type 1 Urban Area Redevelopment Project) in Muromachi 3- Chome, Chuo-ku, Tokyo.|
|Lead manager||Nomura Securities Co., Ltd., SMBC Nikko Securities Inc., Daiwa Securities Co., Ltd., Mizuho Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.|
|Green Bond Structuring Agent*3||Nomura Securities Co., Ltd., SMBC Nikko Securities Inc.|
|Acquired rating||AA- (Rating and Investment Information, Inc.)
AA (Japan Credit Rating Agency, Ltd.)
|Second opinion*4||A second opinion has been received from Rating and Investment Information, Inc. (R&I) stating that, based on the R&I Green Bond Assessment methodology *5 , Mitsui Fudosan’s Green Bond Framework is in compliance with Green Bond Principles 2018 and Green Bond Guidelines 2017, and R&I (preliminarily) assigned the top GA1 rating to the bond.|
Listed below are investors who announced investment in the 68th Mitsui Fudosan Co., Ltd. Unsecured Bond. (As of September 6, 2019. Listed in alphabetical order)