Green Bond Fact Sheet

Advance Residence Investment
Corporation

Issue date: 24-07-2019

Date: 01/08/2019

Tenor: 5

Maturity date: 24-07-2024

Issuer Name

Advance Residence
Investment
Corporation

Amount Issued

JPY5bn/USD46m

Country of riskJapan

CBI Database

Included

Issuer Type1

Financial corporate

Bond Type

UnsecuredGreen Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☐ Energy☐ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Buildings☒ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission
vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

No commitment statedAdvance Residence Investment Corporation was created through a merger between
the former Advance Residence Investment Corporation and Nippon Residential
Investment Corporation. The newly formed Advance Residence has the biggest
residential REIT portfolio in Japan in terms of assets.

Firsts, records andcertifications
Proceeds description

Climate Bonds view

Underwriters

The proceeds will be used to partially repay a loan that was originally used in theacquisition of the residential building RESIDIA TOWER Meguro Fudomae, which has a4-star DBJ Green Building Certification.
July 2019 has seen a whopping 6 of Japanese REITs come to the market to a combined
USD288m equivalent. As we predicted in our Japan SOTM report published inFebruary, this segment is picking up pace and utilising the prominence of the property
sector in the country.
Mizuho Securities Co., Ltd. SMBC Nikko Securities Inc. Daiwa Securities Co., Ltd

Deal commentsCredit RatingAA (JCR)

Pricing summary

Coupon: 0.22%

Investors summary

Investors into the bond included:••••••••••IZAWA METAL CO., LTD.
THE OITA BANK, LTD.
Shigaken Shinyokumiai
Sugamo Shinkin Bank
Daitokyo Shinyokumiai
Hanno Shinkin Bank
Fujinomiya Shinkin Bank
Sumitomo Mitsui Trust Asset Management Co., Ltd.
Mitsubishi UFJ Trust and Banking Corporation
Ryoubi Shinyokumiai

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign