March 14, 2022
To All Concerned Parties
Name of REIT Issuer:
Nippon Building Fund Inc.
Koichi Nishiyama, Executive Director
(TSE Code : 8951)
Contact:
Asset Management Company
Nippon Building Fund Management Ltd.
Yoshiyuki Tanabe, President and CEO
Person to Contact:
Yukio Handa, General Manager
(TEL. +81-3-3516-3370)
Notice Concerning Debt Financing（Green Loan）
Nippon Building Fund Inc. ("NBF") hereby provides notice that the following was decided as of March 14,
2022 concerning a long-term borrowing（Green Loan）:
Description
1. Long-term Borrowing
Amount | Interest | Expected Date of | Methods of Borrowing, | Repayment Due | |
Lender | Repayment, Security | ||||
Borrowed | Rate | Implementation | Date | ||
and Guarantee etc. | |||||
Unsecured, | |||||
Nippon Life | unguaranteed, | ||||
Insurance | ¥5 billion | 0.425% | March 23, 2022 | repayable in one lump | January 30,2032 |
Company | sum on repayment due | ||||
date | |||||
This Long-term Borrowing will be executed as a green loan which is in line with the Green Finance Framework (Note 1) for which a second-party opinion obtained from Sustainalytics.
(Note 1) For details, please refer to the second-party opinion of Sustainalytics (URL below). https://mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com/docs/default-source/spos/nippon-building-fund-inc.-green-finance-second-party-opinion.pdf?sfvrsn=1b7abdb9_3
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- Amount, Use and Expected Date of Expenditure of Proceeds
- Amount to be borrowed ¥5 billion
-
Specific use of proceeds
Partially funding of acquisition of Iidabashi Grand Bloom (CASBEE Real Estate Evaluation Certification S Rank) as announced by the "Notice of Acquisition and Disposition of Assets (Acquisition of Nakanoshima Mitsui Building and one other property, and disposition of Toyo-cho Center Bldg. and two other properties)" dated January 6, 2022. - Expected date of expenditure March, 2022
- Status of Borrowings etc. following the financing
(Unit: million yen) | ||||
Before | After | Increase / | ||
Financing | Financing | Decrease | ||
Short-term borrowings | 0 | 0 | 0 | |
Long-term borrowings | 26,000 | 26,000 | 0 | |
(Floating interest rate) | ||||
Long-term borrowings | 457,500 | 462,500 | 5,000 | |
(Fixed interest rate) | ||||
Bonds | 57,000 | 57,000 | 0 | |
Total | 540,500 | 545,500 | 5,000 | |
4. Other Matters Required for Investors to Appropriately Understand and Evaluate the Above Information
There is no change to the content of "Investment Risks" of the Securities Report submitted on September 29, 2021 with respect to the risks involved in repayment etc. of the current debt financing.
End
This English language notice is a translation of the Japanese language notice dated March 14, 2022 and was prepared solely for the convenience of, and reference by, overseas investors. Neither NBF nor Nippon Building Fund Management Ltd. makes any warranties as to its accuracy or completeness.
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