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Japan Excellent to Issue 3 Billion Yen Green Bond to Refinance Short-Term Debt

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Japan Excellent (TYO:8987) is issuing 3 billion yen in unsecured investment corporation bonds with an interest rate of 2.436% per annum and a maturity date of May 27, 2031.

The bonds will be offered publicly with a payment date of May 27, and carry a rating of AA- from the Japan Credit Rating Agency.

Proceeds from the issuance will be used, together with cash on hand, to make an early repayment of 3 billion yen of short-term borrowings due September.

The bonds are being issued as green bonds under the REIT's Green Bond Framework as part of its proactive ESG financing strategy for properties that consider environmental and social aspects.

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