Green Bond Fact SheetJapan Prime Realty Investment Corporation

Date: 28/08/2019

Issue date: 31-07-2019 Maturity date: 31-07-2029 Tenor: 10Issuer NameJapan Prime RealtyInvestment
CorporationAmount Issued

JPY5bn/USD46m

Country of riskJapan

CBI Database

Included

Issuer Type1

Financial corporate

Bond TypeSenior unsecured

Green Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

Green1 (JCRA)☐ 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 emissionvehicles☐ 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
Reporting

The issuer is committed to reporting on the following at the end of each calendar year for as
long as any bond funds are outstanding:a) Status of proceeds allocationb) Number of eligible assetsc) Third-party certification level obtained by each eligible asset, andd) Total floor area of the asset pool
The following impact indicators will also be disclosed in the same report:a) Energy consumptionb) CO2 emissions, andc) Water consumption

Issuer information

Japan Prime Realty Corporation is a diversified Real Estate Investment Trust (REIT) investing
in offices and urban retail properties, property complexes and asset-backed securities
based on high-value property assets. Japan Prime Realty has been listed on the Tokyo Stock
Exchange since 2002.

Firsts, records andcertifications
Proceeds description

Climate Bonds view

Underwriters
Deal comments
Credit Rating
Pricing summary
Investors summary

Japan Prime Realty will invest the proceeds of the bond in properties that have been
awarded 3 stars or more in the DBJ Green Building certification or a B+ rating or higher in
the CASBEE-Building system. The company has not named any specific assets.
As we forecasted in our Japan Green Finance State of the Market report published inFebruary 2019, the Japanese REIT sector has become more active with 9 bonds issued yearto-date to a total of USD407m equivalent. This illustrates the potential of leveraging green
finance in the real estate sector.
Mizuho Securities Co Ltd, SMBC Nikko Securities Inc

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