April 8, 2019
For Immediate Release
REIT Issuer:
Daiwa House REIT Investment Corporation
2-4-8, Nagatacho, Chiyoda-ku, Tokyo
Jiro Kawanishi, Executive Director(TSE Code: 8984)
Asset Manager:
Daiwa House Asset Management Co., Ltd.
Koichi Tsuchida, President and CEO
Inquiries:
Haruto Tsukamoto, Director and CFO
TEL. +81-3-3595-1265

Notice Concerning Debt Financing (Determination of Interest Rates) and
Signing of Interest Rate Swap Agreement
Daiwa House REIT Investment Corporation (“DHR”) hereby announces that the interest rates for the loans to be
executed on April 10, 2019 as announced in the press release “Notice Concerning Debt Financing and Refinancing”
on February 8, 2019 were determined today as follows. DHR also announces that DHR has signed the followinginterest rate swap agreement.
1.

Determination of interest rates
Anticipatedborrowing
Borrowingamountperiod(millionyen)

Interestrate

No.

Lender1

Sumitomo Mitsui
Banking Corporation;
The Norinchukin Bank;
Sumitomo Mitsui Trust
Bank, Limited;
Shinsei Bank, Limited;
Shinkin Central Bank;
The Bank of Fukuoka,Ltd;The Chiba Bank, Ltd.;The 77 Bank, Ltd.;The Nishi-Nippon City
Bank, Ltd.;The Iyo Bank, Ltd.;The Chugoku Bank, Ltd.

8,100

Sumitomo Mitsui
Banking Corporation;
Mizuho Bank, Ltd.;
Sumitomo Mitsui Trust
Bank, Limited,
Resona Bank, Limited;
Mizuho Trust & BankingCo., Ltd.;MUFG Bank, Ltd.

10,400 10.0 years 0.74800%

25.6 years 0.39138%

Anticipat Principal
Floating
Method ofed date of repayment/ fixedrepayment
execution
date

October
31, 2024

FixedApril 10,2019

Fixed(Note)

Collateral

Bulletrepayment

Unsecuredand nonguaranteed

April 27,2029(Note) While the term loan agreement is based on floating rate, the interest rate will be fixed in effect by signing the interest rate swap
agreement described below.

-1-2.

Signing the interest rate swap agreement(1)

Reason for signing the interest rate swap agreement

DHR signed the following interest rate swap agreement in order to fix interest rate of the loans No. 2 listed in
section 1 above (total borrowing amount of 10,400 million yen) and hedge the interest rate fluctuation risk.
(2)

Details of the interest rate swap agreement

Counterparty
Notional amountInterest rate

Mizuho Bank, Ltd.
10,400 million yen
Fixed interest rate payable
Floating interest rate receivable

0.74800%
Japanese Bankers Association 1 month yen TIBOR+0.40%

Contract agreement date
Contract period

April 8, 2019
From April 10, 2019 to April 27, 2029 (10 years)
The first interest payment date is the last day of April 2019 and subsequent interest
payment dates are the last day of every month and the principal repayment date (inInterest payment datecase such date is not a business day, the following business day will be the interest
payment date; however, in case this following business day falls into the following
month, the immediately preceding business day will be the interest payment date).
The interest rate of the loans No. 2 will be fixed at 0.74800% in effect by this interest rate swap agreement.
3.

OtherFor the risks concerning this matter, there are no changes from the security registration statement submitted onFebruary 8, 2019.
* Distribution of this material: This material is distributed to “Kabuto Club” (a media correspondents’ club at theTokyo Stock Exchange), the press club at the Ministry of Land, Infrastructure, Transport and Tourism and the pressclub for construction trade newspapers at the Ministry of Land, Infrastructure, Transport and Tourism.
* DHR’s website: https://www.daiwahouse-reit.co.jp/en-2-