GLP J-REIT (TYO:3281) is issuing its 24th unsecured bonds, known as GLP Sustainability Bonds, with a total issue amount of 2 billion yen, according to its filing last Friday.
These bonds, which carry an interest rate of 1.633% per annum, will be publicly offered, with subscription on Dec. 13, and payment on Dec. 19.
The proceeds, estimated at 1.98 billion yen after issuance costs, will be used to redeem the 19th unsecured bonds maturing on Feb. 25, 2025.
Rated AA by the Japan Credit Rating Agency and receiving a SU1 (F) rating for its Sustainability Finance Framework, the issuance is part of GLP J-REIT's active debt management strategy.
Price (JPY): $122400.00, Change: $-1100, Percent Change: -0.89%
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