- CONTENTS GUIDE
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.
The funds procured through green finance will be allocated to the acquisition of assets defined in “2.” (the “Eligible Green Projects”), repayment of borrowings required in the acquisition of Eligible Green Projects or redemption of investment corporation bonds issued and outstanding.
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
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.
After the procurement through green financing, FRC will announce the total amount of Eligible Green Projects, Debt of Eligible Green Projects and the amount of procurement through green finance as of the end of each fiscal period (every February and August).
In addition, FRC will announce the following indicators on the Eligible Green Projects as of the end of February every year.
・Number of properties, number of environmental certifications acquired and type of Eligible Green
The condition of the funds procured through green finance is as follows. (as of August 31, 2019)
|Total amount||2,200 mm yen|
|Commencement date||July 31, 2019|
|Termination date||July 31, 2029|
|Summary||No collateral / No guarantee|
（Note1）FRC has concluded a swap agreement to practically fi interest rate on debt.The indicated interest rate reflects the effect of swap agreement.
|Property name||Acquisition Price
|DBJ Green Building Certification||BELS Certification|
|Canal City Hakata||32,000||★★★★★||-|
|Canal City Hakata・B||28,700||★★★★★||-|
|Park Place Oita||18,620||★★★★||-|
|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||-||★★★|
|Total of Eligible Green Projects||138,450 mm yen|
|Debt of Eligible Green Projects||54,964 mm yen|
（Note 2）LTV as of August 31, 2019
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)Results of Green Loan from JCR (linked to the report)