Green Bond Fact Sheet

This fact sheet details a JPY 10 billion green bond issued by United Urban Investment (UUR), a Japanese Real Estate Investment Trust, on May 23, 2019, to finance and refinance a portfolio of certified green buildings in Japan.

• United Urban Investment (UUR) issued a green bond on May 23, 2019, with a total amount of JPY 10 billion (USD 90.5 million). The bond has a tenor of 7 years and a maturity date of May 22, 2026, with a coupon rate of 0.448% p.a.
• The proceeds of the bond are designated for the financing and refinancing of a specific portfolio of properties in Japan, consisting of a shopping centre, a retail unit, two hotels, and five office buildings. To qualify, these assets must meet specific certification standards: BELS evaluation of two stars or more, CASBEE real estate certification of A rank or higher, or DBJ Green Building certification of three stars or more.
• UUR has committed to annual reporting on its website regarding unallocated proceeds and a proceed allocation plan. The reporting will include water usage, CO2 emissions, gas consumption, electric power consumption, and the number of properties with external certification. The issuer is considering annual third-party reviews of this reporting from the Japan Credit Rating Agency.
• United Urban Investment is a diversified Real Estate Investment Trust (REIT) listed on the Tokyo Stock Exchange J-REIT section since December 2003. As of November 30, 2018, its assets under management (AUM) were YPN 613.9 billion (USD 5.6 billion).
• This issuance represents the seventh green bond from the Japanese REIT segment, increasing the total volume for this issuer category in Japan to JPY 40.6 billion (USD 367 million).

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-05%20JP%20United%20Urban%20Investment.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-05%20JP%20United%20Urban%20Investment.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=23 May 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-05%20JP%20United%20Urban%20Investment.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = may, url = {https://www.climatebonds.net/files/drupal-files/files/2019-05%20JP%20United%20Urban%20Investment.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }