Japan Real Estate Investment (TYO:8952) will borrow 3 billion yen to partly redeem its 13th unsecured investment corporation bond, according to a Wednesday filing on the Tokyo Stock Exchange.
The borrowing includes a 2 billion yen loan from The Kagoshima Bank at JBA 3-month TIBOR plus 0.06%, due in October 2030, and a 1 billion yen sustainability-linked loan from Daishi Hokuetsu Bank at JBA 3-month TIBOR plus 0.10%, due in October 2032.
The sustainability-linked loan offers a 0.01% interest reduction if the company achieves a target of cutting CO₂ emissions by 80% by fiscal 2030.