July 22, 2020
For Immediate Release
Real Estate Investment Trust Securities Issuer:
Comforia Residential REIT, Inc
21-1 Dogenzaka 1-chome, Shibuya-ku,TokyoTakehiro Izawa
Executive Director(Code: 3282)
Asset Management Company:
TLC REIT Management Inc.
Hiroyuki Tohmata
President & CEO
Inquiries:
Kentaro Yoshikawa
General Manager of Strategy Department
Comforia Management Division(TEL: +81-3-6455-3388)

Notice Concerning Issuance of Investment Corporation Bonds (Green Bonds)
Comforia Residential REIT, Inc ("CRR") announces that it decided today to issue investment corporation
bonds (green bonds). Details are as follows:1.

Summary of the Investment Corporation Bonds (Green Bonds)
(1)

Name：

(2)
(3)

Total amount of bonds
Form of bonds
Certificate
Issue price
Redemption price
Coupon rate
Denomination price
Offering method
Offering period
Payment date
Collateral/Guarantee

：
：

(12)

Redemption method anddate

：

(13)

Interest payment date：

(14)
(15)
(16)
(17)

Financial CovenantsCredit rating
Depository
Financial,issuing andpaying agent
Underwriters

：
：
：：

(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)

(18)

：：：：
：：
：：

：

Comforia Residential REIT, Inc 8th unsecured bonds (green bonds)(with pari passu clause among specified investment corporation bonds)(the “Investment Corporation Bonds”)
1,500 million yen
Under the Act on Book-Entry Transfer of Company Bonds, Shares, etc.,
there are no bond certificates.
100 yen per 100 yen of each bond
100 yen per 100 yen of each bond
0.550% per annum
100 million yen
Public offering
July 22, 2020 (Wednesday)
July 30, 2020 (Thursday)
Neither collateral nor guarantee is provided for the Investment
Corporation Bonds, and no assets are reserved as security specificallyfor the Investment Corporation Bonds.
The entire principal shall be redeemed on July 30, 2030. TheInvestment Corporation Bonds may be purchased and cancelled at any
time on or after the day following the payment date unless otherwise
stipulated by the depository.
January 30 and July 30 every year (The first payment date is January30, 2021. If the interest payment date is a bank holiday, then the bankbusiness day preceding it shall be deemed to be the interest payment
date.)
Negative pledge among unsecured bonds
AA－ (Japan Credit Rating Agency, Ltd.)
Japan Securities Depository Center, Inc.
MUFG Bank, Ltd.
Mizuho Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities
Co., Ltd., SMBC Nikko Securities Inc.

1

2.

Reasons for the Issuance

CRR has decided to issue the Investment Corporation Bonds, to extend the debt maturity, to diversify
repayment dates, and to vary the financing methods. Also, through the issuance of the Investment Corporation
Bonds as green bonds in accordance with the Green Bond Framework as described in “Notice Concerning
Submission of Amendment to the Shelf Registration Statement related to Issuance of Green Bonds” released on
July 16, 2020, CRR aims to further promote its sustainability initiatives and invite new investors to its
investment corporation bonds by stimulating their demand who have interest in ESG investment.

3.

Amount, Use, and Time of Disbursement of Funds to Be Raised(1) Amount of funds to be raised (estimated amount of net proceeds)
1,485 million yen(2) Specific use of funds to be raised and time of disbursement
On August 7, 2020 CRR will appropriate the funds for part of the early repayment of loan (1,770 millionyen) that will come due on February 26, 2021 (the “Existing Loan”). For further details, please refer to“Notice Concerning Early Repayment” released as of today.
The Existing Loan was used to acquire COMFORIA HIGASHISHINJUKU STATION FRONT, which falls
into the Eligible Green Projects aligned with the Eligibility Criteria defined in “Notice Concerning
Submission of Amendment to the Shelf Registration Statement related to Issuance of Green Bonds” releasedon July 16, 2020.
（135）COMFORIA HIGASHISHINJUKUSTATION FRONTDBJ Green Building Certification

Property Detail： https://www.comforia-reit.co.jp/en/portfolio/detail.php?id=0135

4.

Investors who declared intention to invest in the Investment Corporation Bonds

Listed below in alphabetical order are investors to date who declared their intention of investment in theInvestment Corporation Bonds and agreed to disclose their names.
-FUJINOMIYA SHINKIN BANKKIRYU SHINKIN BANK
Nagano Shinkin Bank
North Pacific Bank,LTD.
THE AWAJI SHINKIN BANKTHE ECHIZEN SHINKIN BANKTOKUSHIMA SHINKIN BANK

25.

Status of Borrowings and Investment Corporation Bonds after the Issuance of the Investment CorporationBonds(million yen)
After the issuance(As of August 7, 2020)

Before the issuance(As of July 22, 2020)
Short-Term Loans (Note 2)
Current portion of longterm loans (to be repaidwithin one year or less)Long-Term Loans (Note 2)
Total of Loans
Current portion of investment
corporation bonds (to be redeemedwithin one year or less)
Investment Corporation Bonds
Total of Loans andInvestment Corporation Bonds

Change(Note 1)---

17,015

18,845

1,830

105,905

102,305▲3,600122,920

121,150▲1,770

-

3,000

3,000

11,0009,500▲1,500133,920

133,650▲270(Note 1) The calculation of the outstandings is based on the assumption that the early repayment of the Existing Loan (1,770 million yen)will be executed on August 7, 2020.
(Note 2) Short-term loans are loans that will come due within one year, while long-term loans are loans that will come due after one year.

*Website of CRR: https://www.comforia-reit.co.jp/en/3