開示日時：2022/06/15 11:00:00
▼テキスト箇所の抽出
June 15, 2022 FOR IMMEDIATE RELEASE Nippon Prologis REIT Announces Issuance of Investment Corporation Bonds (Green Bonds) and Prepayment of Bank Loans Nippon Prologis REIT, Inc. (“NPR”) today announced the issuance of investment corporation bonds (“Nippon Prologis REIT Green Bonds” or the “Green Bonds”), per the blanket resolution approved at a board of directors meeting held June 26, 2020, and a prepayment of bank loans, as follows: 1. Overview of the Nippon Prologis REIT Green Bonds Nippon Prologis REIT 12th Unsecured Investment Corporation Bonds (with pari passu conditions among specified investment corporation bonds) (Green Bonds) Amount of Issuance 3,000 million yen Form of Bond Certificate Subject to the provisions of the Law Concerning Book-Entry Transfer of Corporate Bonds, Shares, etc. Bond certificates will not Issue Price 100 yen per value of 100 yen of each bond be issued. Redemption Price 100 yen per value of 100 yen of each bond Interest Rate 0.300% per annum Amount of Each Bond 100 million yen Offering Method Public offering Date of Application June 15, 2022 (Wednesday) Date of Payment June 22, 2022 (Wednesday) (10) Collateral Neither collateral nor guarantee are provided for the bonds, and (11) Redemption Method and The total amount of the bonds will be redeemed on June 22, 2027. Date Redemption by purchase is permitted any time on and after the no asset is particularly secured for the bonds. (12) Interest Payment Date The first interest payment date will be December 22, 2022, following day of the date of payment except for the case separately determined by the depository. followed by June 22 and December 22 each year (An interest payment date that falls on a non-business day will be moved to the preceding business day.) (13) Credit Rating AA (Japan Credit Rating Agency, Ltd.) 1 (1) (2) (3) (4) (5) (6) (7) (8) (9) Financial Covenant Negative pledge among unsecured bonds AA (Rating and Investment Information, Inc.) (14) (15) Agent for Finance, Issuance The Norinchukin Bank and Payment (16) Underwriters Mizuho Securities Co., Ltd. 2. Reason for the Issuance of the Green Bonds NPR is issuing the Green Bonds, proceeds from which will be allocated toward repayment of the borrowings in connection with the acquisition of Eligible Green Projects, (as defined in “4. Eligibility of Green Bonds” below). Through the issuance of the Green Bonds, NPR continues to provide the Japanese debt capital market with ESG investment opportunities and aims to further expand the investor universe of NPR’s debt instruments. 3. Amount of Funds to be Raised, Use of Proceeds and Schedule of Disbursement (1) Amount of Funds to be Raised (net of Associated Expenses) 2,980 million yen (2) Use of Proceeds from the Issuance of the Green Bonds The proceeds from the bond issuance will be allocated to the prepayment of a substantial portion of the 7,300 million-yen (Note) short-term loans (the “Prepayment”), which were described in the press release “Nippon Prologis REIT Announces Debt Financing, Completion of Interest Rate Swap Agreement and Prepayment of Bank Loans” dated December 9, 2021. The subject short-term loans were borrowed for acquisitions of three properties (Prologis Park Inagawa 2, Prologis Park Kobe 5 and Prologis Park Ebina 2), all of which are qualified as the Eligible Green Projects, which was described in the press release “Nippon Prologis REIT Announces Acquisition of Domestic Real Estate Trust Beneficiary Interests and Lease Contract with New Tenants” dated November 29, 2021. (Note) NPR partially prepaid 2,000 million yen of the 7,300 million-yen short-term loans on May 30, 2022. Please refer to the press release “Nippon Prologis REIT Announces Debt Financing and Prepayment of Bank Loan” dated May 23, 2022, for details of the partial prepayment. 4. Eligibility of the Green Bonds The Prologis Group, including NPR, established the Prologis Green Bond Framework (the “Framework”), which conforms to the Green Bond Principles for the issuance of green bonds. The Framework is endorsed by a second-party opinion (Note) (the “Second-Party Opinion”) from Sustainalytics, an ESG and corporate governance research agency, to align with the Green Bond Principles. The subject investment corporation bonds are qualified as the Green Bonds, being issued based on the Framework, and are subject to the Second-Party Opinion. According to the Framework, the “Eligible Green Projects” are defined as properties that meet the criteria set forth in the Framework, and all of the properties described above 3. (2) correspond to the Eligible Green Projects. (Note) For detailed information, please refer to the following link into NPR website: https://www.prologis-reit.co.jp/asset/file/common/esg/sustainalytics_english.pdf 2 5. Summary of the Prepayment (1) Details of Bank Loans to be prepaid Short-term Borrowing Sumitomo Mitsui Banking Corporation and MUFG Bank, Ltd. 7,300 million Yen Base interest rate (JBA 1-month Japanese yen TIBOR) +0.150% (2) Prepayment Amount: 3,000 million yen (3) Prepayment Date: June 22, 2022 Category Lenders Interest Rate Borrowing Date Borrowing Method Repayment Date Repayment Method Collateral Original Borrowing Amount December 13, 2021 Borrowing based on individual term loan agreements dated December 9, 2021, with the lenders shown on the left December 13, 2022 Paid in full upon maturity Unsecured and non- guaranteed (4) Source of Funds for Prepayment: Proceeds from the issuance of the Green Bonds 6. Outstanding Debt Balance after the Issuance of the Green Bonds and the Prepayment Before After Variance (Unit: Millions of yen) Short-Term Loan (Note 1) Long-Term Loan (Note 1) Total Loan Amount Investment Corporation Bonds Total Interest-Bearing Debt 5,300 262,500 267,800 36,000 303,800 2,300 262,500 264,800 39,000 303,800 -3,000 -3,000 +3,000 0 0 (Note 1) Short-term loan refers to loans due within one year from the borrowing date, and long-term loan refers to loans due within a period longer than one year from the borrowing date. (Note 2) In addition to the above, NPR maintains a commitment line of 20,000 million yen with three banks; there is no outstanding loan balance under this commitment line. 7. Reporting All the proceeds from the issuance of the Green Bonds will be allocated to the Prepayment, when the Green Bonds will satisfy the eligibility as green bonds in terms of use of proceeds. NPR will report the status of allocation of proceeds to the Eligible Green Projects on its website within a year from the issuance. 8. Additional Information for Investors There is no material change to the risks stated in “I Fund Information, 1. Fund Status, 3 Investment Risks” as noted in the securities report filed on February 25, 2022. For more information about Nippon Prologis REIT, please visit: https://www.prologis-reit.co.jp/en/index.html Real Estate Investment Trust Securities Issuer: Nippon Prologis REIT, Inc. (Code 3283) Tokyo Building 21F, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo Executive Director: Masahiro Sakashita 3 Asset Management Company: Prologis REIT Management K.K. Representative: Representative Director and President/CEO Satoshi Yamaguchi Inquiries: Director and Deputy President/CFO Atsushi Toda Tel: +81-3-6867-8585 4
