Japan Real Estate Investment Corporation
Notice Regarding Borrowing of Funds
Japan Real Estate Investment Corporation announced that it has borrowed a 5,000 million yen sustainability-linked loan from Mizuho Bank as funds for repaying an existing long-term loan of 5 billion yen.
Key Figures
- Borrowing Amount 5,000 million yen
- Long-term Borrowings (Variable Interest Rate) 60,000 million yen
AI要約
Key Announcement Details
Japan Real Estate Investment Corporation decided to borrow 5,000 million yen from Mizuho Bank on December 26, 2025, as funds for repayment of an existing long-term loan of 5 billion yen executed on December 26, 2016. This borrowing is a Sustainability-Linked Loan (SLL), linked to a Sustainability Performance Target (SPT) of reducing CO₂ emissions by 80% (compared to fiscal 2019, on a total volume basis) by fiscal 2030, with the interest rate subject to a maximum reduction of 0.01% depending on achievement. The loan is unsecured and unguaranteed, with an interest rate of base rate (Zengin 3-month Japanese yen TIBOR) plus 0.16%. The interest payment dates are March 26, June 26, September 26, and December 26, with principal due in a lump sum repayment on December 26, 2035.
Impact on Investors
Due to this borrowing, the variable interest portion of long-term borrowings will increase by 5,000 million yen, while the fixed interest portion will decrease by the same amount, leaving total borrowings and total interest-bearing debt unchanged. The introduction of the SLL aligns loan conditions with environmental targets, thereby strengthening environmental initiatives. There is no significant change regarding risks related to loan repayment from the 'Investment Risks' section of the securities report submitted on June 25, 2025.
