Green Bond Fact Sheet

Comforia Residential REIT

Date: 31/07/2020

Issue date: 30-07-2020 Maturity date: 30-07-2030 Tenor: 10Issuer name

Comforia Residential
REIT

Amount issued

JPY1.5bn/USD14m

Country of riskJapan

CBI Database

Included

Issuer type1

Financial Corporate

Bond typeSr Unsecured

Green bond framework

Link to Framework

Second party opinion

Sustainalytics

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 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☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ 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

CRR will disclose the allocation status annually on its website until the proceeds are fully
allocated. Additionally, CRR has committed to disclosing an impact report annually on its
website, as long as the green bonds are outstanding.
Founded in 2010, Comforia Residential Reit Inc is a Japan-based residential real estate
investment trust (REIT). The REIT is a closed-end fund listed on the Tokyo stock exchange. Itis engaged in the investment in residential properties mainly in the Tokyo Metropolitanarea, and real estate backed assets. Its portfolio currently consists of 135 properties withtotal acquisition price of 245.9 billion yen.

Firsts, records andcertifications
Proceeds description
Climate Bonds view

Underwriters

To finance or refinance the acquisitions or refurbishments of green buildings.

CBI welcomes this Japanese green bond that has an external review and is committed toreporting. This green bond will contribute to the improvement in energy efficiency andreduction in carbon emissions in residential buildings. This issuance offers fresh evidence
that buildings dominate the proceeds allocation of Japanese green bonds. Among otherJapanese bonds with ultra-low coupon rates caused by the Bank of Japan’s negativeinterest rate, this green bond with the added environmental benefits will hopefully
distinguish itself.
Mizuho Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., SMBC Nikko
Securities Inc.

Deal comments
Credit rating

AA- (Japan Credit Rating Agency, Ltd.)

Pricing summary••

Coupon: 0.55 %Price: 100%Investors summary

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