GLP J-REIT Issues First 20-Year, Ultra-Long Sustainability Bond in J-REIT Market

GLP today announced that GLP Japan Real Estate Investment Trust (“GLP J-REIT”) (TSE: 3281) has raised JPY 5 billion (approximately US$46 million) with the issuance of 20-year sustainability bonds. The offering is the first ultra-long sustainability bonds with a 20 year term in the J-REIT market.

GLP J-REIT is a leader in the issuance of ESG bonds (sustainability bonds and green bonds). As part of its environmental sustainability initiatives, GLP J-REIT has provided green finance and issued green bonds on three occasions since December 2018 with a total ESG bond issuance of JPY 31.6 billion (approximately US$290 million), making it the top J-REIT in terms of ESG bonds outstanding.

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