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Green Finance

01.Green Finance Framework

Fukuoka REIT Corporation(here in after "FRC") has established the green finance framework in line with the “Green Bond Principles 2018” and “Green Bond Guidelines 2017 by Ministry of the Environment” set forth by the Ministry of the Environment to conduct green finance including green loans.

(2)Eligible Green Projects

Eligible Green Projects are assets that have received or scheduled to receive one of the following certifications of third-party certification organizations as of the date of procurement in green finance or reporting among the specified assets owned by FRC.

(i) 3, 4 or 5 stars in DBJ Green Building Certification
(ii)B+, A or S rank in CASBEE Certification
(iii)3, 4 or 5 stars in BELS Evaluation

(3)Maximum procurement amount in green finance

The amount of debt (the “Debt of Eligible Green Projects”) calculated by multiplying the total acquisition price of Eligible Green Projects by LTV (debt / total assets) as of the end of the latest fiscal period is set as the maximum procurement amount in green finance.

■The idea of maximum procurement amount in green finance

■The idea of maximum procurement amount in green finance

02.The funds procured through green finance

The condition of the funds procured through green finance is as follows. (as of February 28, 2021)

(1)The total amount of procurement in green finance 2,200 million yen

Green Laon

Name Total amount Commencement date Termination date Interest rate Summary
Green Loan1 2,200 mm yen July 31, 2019 July 31, 2019 0.521%(Note1) Unsecured/unguaranteed Lump-sum repayment Fixed interest rate Green loan assessment: Green 1(Note 2)
  • FRC has concluded a swap agreement to practically fi interest rate on debt.The indicated interest rate reflects the effect of swap agreement.
  • FRC has received the highest “Green 1” rating from Japan Credit Rating Agency for our adherence to the Green Loan Principles.

(2)Debt of Eligible Green Projects (Maximum procurement amount in green finance) 57,589 million yen

Property name Acquisition Price(mm yen) DBJ Green Building Certification BELS Certification
Canal City Hakata 32,000 ★★★★★ -
Canal City Hakata・B 28,700 ★★★★★ -
Park Place Oita 19,610 ★★★★ -
Konoha Mall Hashimoto 10,000 ★★★★ -
Canal City Business Center Building 14,600 ★★★★ -
Gofukumachi Business Center 11,200 ★★★ -
Higashi Hie Business Center 5,900 ★★★ ★★
Higashi Hie Business Center Ⅱ 4,230 ★★★ ★★★
LOGICITY Minato Kashii 8,150 ★★★ ★★★
LOGICITY Hisayama 5,050 ★★★ ★★★★★
Total of Eligible Green Projects 139,440 mm yen
LTV(Note 2) 41.3%
Debt of Eligible Green Projects 57,589 mm yen
  • LTV as of February 28, 2021

03.External Evaluation

The Green Loan of Fukuoka REIT Corporation has received a comprehensive evaluation of “Green 1,” the highest rating regarding eligibility for “Green Loan Principles,” from Japan Credit Rating Agency, Ltd. (JCR)

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