Thursday, December 1, 2022

Daiwa Workplace Funding : Discover Regarding Borrowing of Funds (Together with Inexperienced Loans and ESG Mortgage for J-REIT)

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This translation of the unique Japanese discover is supplied solely for data functions. Ought to there be any discrepancy between this translation and the Japanese authentic, the latter shall prevail.

November 25, 2022

REIT Issuer: Daiwa Workplace Funding Company (Inventory Code No.: 8976)

Consultant: Keiichi Sakai, Govt Director

Asset Supervisor: Daiwa Actual Property Asset Administration Co. Ltd.

Consultant: Yoshiki Nishigaki, President and Consultant Director

Inquiries to: Kentaro Azumi, Common Supervisor, Company Division (Tel: +81-3-6215-9649)

Discover Regarding Borrowing of Funds

(Together with Inexperienced Loans and ESG Mortgage for J-REIT)

We hereby give discover that Daiwa Workplace Funding Company (the “Funding Company”) determined in the present day to borrow a complete of 12,300 million yen (the “Borrowing”).

1. Particulars for the Borrowing

Mortgage

Scheduled

Borrowing /

Reimbursement

Lender

Quantity

Curiosity Fee

Borrowing

Reimbursement

Date

(million yen)

Date

Methodology

3 month Japanese Yen

4,000

TIBOR + 0.3750%

2031/5/30

Sumitomo Mitsui Banking

(Note3)

Company (Note1)

3 month Japanese Yen

1,000

TIBOR + 0.3000%

2029/11/30

(Note3)

Sumitomo Mitsui Belief Financial institution,

3 month Japanese Yen

1,000

TIBOR + 0.2500%

2028/11/30

Restricted

(Note3)

MUFG Financial institution, Ltd.

3 month Japanese Yen

1,000

TIBOR + 0.3750%

2031/5/30

(ESG Mortgage for J-REIT (Note2))

(Note3)

Unsecured

3 month Japanese Yen

Reimbursement

1,500

TIBOR + 0.3500%

2022/11/30

2030/11/29

in lump

(Note3)

Mizuho Financial institution, Ltd.

sum

3 month Japanese Yen

1,000

TIBOR + 0.3125%

2030/2/28

(Note3)

3 month Japanese Yen

Resona Financial institution, Restricted.

1,500

TIBOR + 0.3000%

2029/11/30

(Note3)

Tokio Marine & Nichido Hearth

3 month Japanese Yen

1,000

TIBOR + 0.2000%

2027/11/30

Insurance coverage Co., Ltd.

(Note3)

TAIYO LIFE INSURANCE

0.75375%

300

(Fastened Curiosity- Fee)

2029/11/30

COMPANY

(Note4)

(Note1) Of the 4,000 million yen mortgage from Sumitomo Mitsui Banking Company, 2,000 million yen shall be raised funds as inexperienced loans primarily based on the Inexperienced Finance Framework established by the Funding Company. The Inexperienced Finance Framework has obtained Green1 (F) of the “JCR Inexperienced Finance Framework Analysis.” For particulars of the Inexperienced Finance Framework established by the Funding Company and the “JCR Inexperienced Finance Framework Analysis”, please check with the Discover Regarding Institution of Inexperienced Finance Framework, and so on. introduced on July 17, 2020.

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(Note2) For particulars of the ESG Mortgage for J-REIT, please check with the Discover Regarding Borrowing of Funds (Together with ESG Mortgage for J-REIT) and Acquisition of “MUFG ESG Ranking Certificates for J-REIT supported by JCR” introduced on March 26, 2019. The Funding Company has acquired “S Rank,” the best ranking in “MUFG ESG Ranking Supported by JCR for J-REITs” on March 31, 2022.

(Note3) Curiosity funds shall be made on the finish of February, Might, August and November (If any such date isn’t a enterprise day, the instantly following enterprise day; and if such date falls inside the subsequent month, the previous final enterprise day). Rate of interest is calculated primarily based on 3 month Japanese Yen TIBOR which Japanese Bankers Affiliation (“JBA”) declares two enterprise days previous to the primary day of the mortgage interval. The JPY TIBOR of the JBATA is on the market on the JBATA web site (https://www.jbatibor.or.jp/english/fee/)

(Note4) Curiosity funds shall be made on the finish of February, Might, August and November (If any such date isn’t a enterprise day, the instantly following enterprise day; and if such date falls inside the subsequent month, the previous final enterprise day).

  1. Motive for the Borrowing
    The Borrowing shall be supplied for the compensation of 12,300 million yen borrowed in complete due on November 30, 2022. For the small print of the borrowings, please check with the press launch “Discover Regarding Borrowing of Funds” on Might 27, 2014 and “Discover Regarding Borrowing of Funds” on June 17, 2014 and “Discover Regarding Borrowing of Funds” on November 25, 2014 and “Discover Regarding Borrowing of Funds” on November 25, 2015 and “Discover Regarding Borrowing of Funds” on November 27, 2017
  2. Date of Signing Contract November 25, 2022
  3. Standing of Curiosity-Bearing Liabilities after the Borrowing

Please check with “Reference” for the standing of interest-bearing liabilities after the Borrowing.

5. Different Issues Required for Buyers to Appropriately Perceive and Consider the Above Info

There arises no change within the content material of the funding dangers described at “1. Fund Info, 1-1 Standing of Fund, 1-1-3 Funding Danger” of the Yukashouken Houkokusyo filed as of August 22, 2022 with respect to the dangers concerned in compensation of the Borrowing.

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[Reference]

  1. Excellent Stability of Curiosity-Bearing Liabilities after the Borrowing

November 30, 2022

(Unit: JPY million)

Earlier than

After

Enhance/

the Borrowing

the Borrowing

Lower

Quick-term loans (mortgage interval: 1 yr or much less)

38,500

26,200

-12,300

Lengthy-term loans (mortgage interval: over 1 yr)

158,300

170,600

+12,300

(Observe)

Complete loans

196,800

196,800

0

Funding company bonds

9,000

9,000

0

Complete interest-bearing liabilities

205,800

205,800

0

*The long-term loans to be repaid inside 1 yr are included within the short-term loans.

  1. Ratio of Floating-Fee and Fastened-RateInterest-Bearing Liabilities after the Borrowing

November 30, 2022

(Unit: JPY million)

Complete quantity of interest-bearing

Ratio

liabilities

Floating-rateinterest-bearing liabilities

59,850

29.08

Fastened-rateinterest-bearing liabilities*

145,950

70.92

  • Fastened-rateinterest-bearing liabilities embody liabilities modified from floating-rate to fixed-rate by means of swap transactions.

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Disclaimer

Daiwa Workplace Funding Company revealed this content material on 25 November 2022 and is solely liable for the knowledge contained therein. Distributed by Public, unedited and unaltered, on 25 November 2022 06:43:05 UTC.

Publicnow 2022

All information about DAIWA OFFICE INVESTMENT CORPORATION

Gross sales 2023 25 326 M
183 M
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Internet earnings 2023 13 089 M
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Internet Debt 2023 179 B
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P/E ratio 2023 25,3x
Yield 2023 4,01%
Capitalization 327 B
2 359 M
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EV / Gross sales 2023 20,0x
EV / Gross sales 2024 20,0x
Nbr of Staff 124
Free-Float 56,3%

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Technical evaluation tendencies DAIWA OFFICE INVESTMENT CORPORATION

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