June 30, 2021
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:
Daisuke Kawauchi
General Manager of Strategy Department
Comforia Management Division(TEL: +81-3-6455-3388)

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

Summary of the Investment Corporation Bonds(1)Name(2)(3)

Total amount of bonds
Form of bonds
Certificate(4) Issue price(5) Redemption price(6) Coupon rate(7) Denomination price(8) Offering method(9) Offering period(10) Payment date(11) Collateral/Guarantee(12) Redemption methodand date(13) Interest payment date(14) Financial Covenants(15) Credit rating(16) Depository(17) Financial,issuing andpaying agent(18) Underwriters

Comforia Residential REIT, Inc
Comforia Residential REIT, Inc
Comforia Residential REIT, Inc
9th unsecured bonds
10th unsecured bonds
11th unsecured bonds(with pari passu clause among(green bonds) (with pari passu(with pari passu clause among
specified investment corporation
clause among specified
specified investmentbonds)
investment corporation bonds)
corporation bonds)
2,000 million yen
3,000 million yen
1,600 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 bond0.180% per annum
0.460% per annum
0.730% per annum
100 million yen
Public offering
June 30, 2021 (Wednesday)
July 8, 2021 (Thursday)
Neither collateral nor guarantee is provided for the Investment Corporation Bonds, and no assets arereserved as security specifically for the Investment Corporation Bonds.
The entire principal shall be
The entire principal shall be
The entire principal shall be
redeemed on July 8, 2026.
redeemed on July 8, 2031.
redeemed on July 8, 2036.
The Investment 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 8 and July 8 every year (The first payment date is January 8, 2022. If the interest payment date isa bank holiday, then the bank business 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.
Sumitomo Mitsui Trust Bank,MUFG Bank, Ltd.
Sumitomo Mitsui Trust Bank,
LimitedLimitedMizuho Securities Co., Ltd.,
Mitsubishi UFJ Morgan Stanley
Securities Co., Ltd.,SMBC Nikko Securities Inc.

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Mizuho Securities Co., Ltd.,SMBC Nikko Securities Inc.,
Mitsubishi UFJ Morgan Stanley
Securities Co., Ltd.,
Daiwa Securities Co.Ltd.

Mizuho Securities Co., Ltd.,SMBC Nikko Securities Inc.

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.
In terms of 10th unsecured bonds, through the issuance of the Investment Corporation Bonds as green
bonds in accordance with the Green Bond Framework for which a second-party opinion obtained from
Sustainalytics, as ESG rating agency, 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)
6,554 million yen(2) Specific use of funds to be raised and time of disbursement
CRR will appropriate 3,600 million yen for the early repayment of loan (3,600 million yen in total) on
July 14, 2021 that will come due on July 31, 2021 (the “Existing Loan”) and appropriate the rest of thefunds for part of the redemption of the corporation bonds (3,000 million yen) on July 30, 2021 that will
come due on July 30, 2021(the “Existing Corporation Bonds”).
For further details of the early repayment of loan, please refer to “Notice Concerning Early Repayment”
released as of today. For further details of the Existing Corporation Bonds, please refer to “NoticeConcerning Issuance of Investment Corporation Bonds” released on July 11, 2014.
4.

Investors who declared intention to invest in 10th unsecured bonds (green bonds)
Listed below in alphabetical order are investors to date who declared their intention of investment in 10th
unsecured bonds (green bonds) and agreed to disclose their names.
- GUNMAMIRAI Shinkumi Bank
- Hyogo Shinkin Bank
- Mutual Aid Foundation for Japan Postal Group- Nishihyogo Shinkin Bank.
- Osaka Shoko Shinkin Bank- SHIZUOKA YAIZU SHINKIN BANK- Sumitomo Mitsui Trust Asset Management Co., Ltd- Suwa Shinkin Bank
- THE CHOSHI SHINKIN BANK

5.

- The Dai-ichi Life Insurance Company, Limited- THE FUJI SHINKIN BANK- The Kita Osaka Shinkin Bank
- The SAGAMI Shinkin Bank
- The Sawayaka Shinkin Bank
- THE TAIKO BANK,LTD.
- The Tsuruga Shinkin Bank
- The Yamanashi Chuo Bank, Ltd.

Status of Borrowings and Investment Corporation Bonds after the Issuance of the Investment CorporationBonds(million yen)
After the issuance(As of July 30, 2021)

Before the issuance(As of June 30, 2021)
Short-Term Loans (Note 2)
Current portion of longterm loans (to be repaid
within 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) (Note 3)
Investment Corporation Bonds(Note 3)

Total of Loans andInvestment Corporation Bonds

Change(Note 1)---

24,20020,600▲3,600104,930

104,930-

129,130

125,530▲3,600

3,000

1,000

▲2,0009,500

15,1005,600

141,630

141,630-(Note 1) The calculation of the outstandings is based on the assumption that the early repayment of the Existing Loan (3,600 million yen) will
be executed on July 14, 2021 and the Existing Corporation Bonds(3,000 million yen) will be redeemed on July 30, 2021 .

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(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.
(Note 3) The 2nd unsecured bonds (with pari passu clause among specified investment corporation bonds) (total amount of bonds:1,000
million yen, redemption date: July 15, 2022) is included in the section of “Investment Corporation Bonds” on “Before the issuance”
and is included in the section of “Current portion of investment corporation bonds (to be redeemed within one year or less) “ on“After the issuance”.

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

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