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Japan Excellent, Inc. ( (JP:8987) ) has issued an announcement.
Japan Excellent, Inc. has decided to issue ¥3 billion in 23rd Series Unsecured Investment Corporation Bonds, branded as its 6th JEI Green Bonds, with a five-year term to 2031, a 2.436% coupon and an AA- rating from Japan Credit Rating Agency. The bonds, offered publicly without collateral, form part of the REIT’s strategy to secure longer-term, ESG-linked funding and maintain access to capital markets on favorable terms.
Net proceeds of approximately ¥2.983 billion will be used to partially repay short-term borrowings that had refinanced debt used for acquiring eligible green projects, effectively extending the average maturity of JEI’s interest-bearing debt. The transaction underscores JEI’s continued shift toward sustainable finance, reinforcing its green bond framework and potentially strengthening its appeal to environmentally focused investors while improving its debt profile.
More about Japan Excellent, Inc.
Japan Excellent, Inc. is a Japanese real estate investment corporation listed on the Tokyo Stock Exchange that invests primarily in office and related properties. Through its asset management company, Japan Excellent Asset Management Co., Ltd., the REIT has increasingly focused on ESG-oriented financing, using green bonds and sustainability loans to fund environmentally conscious properties.
Average Trading Volume: 2,944
Technical Sentiment Signal: Buy
Current Market Cap: Yen184.2B
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