GLP J-REIT Issues First 20-Year, Ultra-Long Sustainability Bond in J-REIT Market
Tokyo and Singapore, 16 March 2021 – GLP today announced that GLP Japan Real Estate Investment Trust (“GLP J-REIT”) (TSE: 3281) has raised JPY 5 billion (approximately US$46 million) with the issuance of 20-year sustainability bonds. The offering is the first ultra-long sustainability bonds with a 20 year term in the J-REIT market.
GLP J-REIT is a leader in the issuance of ESG bonds (sustainability bonds and green bonds). As part of its environmental sustainability initiatives, GLP J-REIT has provided green finance and issued green bonds on three occasions since December 2018 with a total ESG bond issuance of JPY 31.6 billion (approximately US$290 million), making it the top J-REIT in terms of ESG bonds outstanding.
GLP J-REIT has obtained a SU1 (F)1 rating, the highest possible rating for JCR Sustainability Finance Framework Evaluation, and focuses on sustainability finance to raise funds for projects that contribute to solving social issues as well as preserving the environment.
Globally, GLP and its strategic partners have raised more than US$1 billion in sustainability linked loans and ESG bonds.
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 over US$100 billion in assets under management in real estate and private equity. 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