Green Bond Fact Sheet

Fukuoka REIT Corporation
Date: 01/08/2019

Issue date: 31-07-2019
Maturity date: 31-07-2029
Tenor: 10Issuer Name

Fukuoka REIT
Corporation

Amount Issued

JPY2.2bn/EUR20m

Country of riskJapan

CBI Database

Included

Issuer Type1

Financial corporate

Bond TypeLoan

Green Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

G1☐ 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

Since the full amount of the green loan is immediately allocated to the refinancing of theloans to acquire Canal City Hakata, reporting on unallocated funds is not currently planned.
However, if the asset is sold by the repayment date, the Investment Corporation will disclose
to the lender that the eligible green liabilities exceed the sum of green bonds and greenloans.
On the environmental performance side, the issuer will disclose annually the number andtype of environmental certifications for green eligible assets through its website.
Fukuoka REIT Corporation was established in July 2004. The company invests in officebuildings, hotels, residences, logistics and other retail facilities.

Firsts, records andcertifications
Proceeds description

Eligible projects include properties that have acquired or will acquire certification asfollows:
1.
2.
3.

3, 4 or 5 star-rating for the DBJ Green Building Certification
B+, A or S rank in CASBEE for real estate3, 4 or 5 stars in BELS certification

The issuer has one named property that the loan will finance, namely Canal City Hakata, a15-storey commercial retail building in Hakata-ku, Fukuoka with 5-star DBJ Certification.

Climate Bonds view

Underwriters

Japanese REIT issuance is booming this year. We are pleased to see additional investment
trusts enter the market.
Mizuho Bank, The Bank of Saga, The Higo Bank

Deal comments
Credit Rating
Pricing summary
Investors summary

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