GLP J-REIT Issues 15-Year Sustainability Bonds, Longest Ever Sustainable Bond in J-REIT Market
Tokyo and Singapore, 17 December 2020 – GLP today announced that GLP Japan Real Estate Investment Trust (“GLP J-REIT”) (TSE: 3281) has raised JPY 3.5 billion (approximately US$33 million) with the issuance of 15-year sustainability bonds. The bonds are the longest tenure for sustainability bonds in the J-REIT market and carry an annual coupon of 0.75 per cent. Proceeds from the bonds will be used to refinance assets that are eligible based on GLP J-REIT’s Green Finance Framework.
GLP J-REIT has a SU1 (F)[1] rating (the highest possible rating) under the JCR Sustainability Finance Framework Evaluation and to-date has issued JPY 26.6 billion (US$256 million) of ESG-related bonds including sustainability bonds and green bonds.
In GLP J-REIT’s ESG initiatives, it aims to raise funds for projects that will contribute to solving social issues and promote well-being as well as preserving the environment.
This announcement follows the results of the 2020 GRESB Assessment in which GLP J-REIT received a GRESB 5 Star rating, which is the highest rating, and a GRESB Green Star for its achievements in ESG performance. It was also recognized as Global Sector Leader and Asia Sector Leader in the Industrial-Listed sector.
GLP is the market leader and largest developer of logistics real estate in Japan with US$20 billion AUM in private real estate funds and a best-in-class REIT.
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About GLP
GLP is a leading global investment manager and business builder in logistics, real estate, infrastructure, finance and related technologies. Our combined investing and operating expertise allows us to create value for our customers and investors. We operate across Brazil, China, Europe, India, Japan, the U.S. and Vietnam and have US$97 billion in assets under management in real estate and private equity funds. Learn more at glp.com/global
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[1] Credit rating issued by Japan Credit Rating Agency, Ltd. (“JCR”), a third-party evaluation agency
