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    8951   JP3027670003

NIPPON BUILDING FUND INCORPORATION

(8951)
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Nippon Building Fund Incorporation : Notice Concerning Debt Financing

03/26/2021 | 01:35am EDT

March 26, 2021

To All Concerned Parties

Name of REIT Issuer:

Nippon Building Fund, Inc.

Koichi Nishiyama, Executive Director

(TSE Code : 8951)

Contact:

Asset Management Company

Nippon Building Fund Management, Ltd.

Yoshiyuki Tanabe, President and CEO

Person to Contact:

Yasushi Yamashita, General Manager

(TEL. +81-3-3516-3370)

Notice Concerning Debt Financing

Nippon Building Fund, Inc. ("NBF") hereby provides notice that the following was decided as of March 26, 2021 concerning a long-term borrowing:

Description

1. Long-term Borrowing

Lender

Amount Borrowed

Interest Rate

Expected Date of Implementation

Methods of Borrowing, Repayment, Security and Guarantee etc.

Repayment Due

Date

Taiju Life Insurance

Company Ltd.

¥2 billion

0.491%

March 30, 2021

Unsecured, unguaranteed, repayable in one lump sum on repayment due date

January 30,2032

*Interest Rate is rounded down to the 3rddecimal point.

2. Amount, Use and Expected Date of Expenditure of Proceeds

  • (1) Amount to be borrowed

    ¥2 billion

  • (2) Specific use of proceeds Refinancing of a long-term borrowing

  • (3) Expected date of expenditure March, 2021

3. Status of Borrowings etc. following the financing

(Unit: million yen)

Before Financing

After Financing

Increase / Decrease

Short-term borrowings

10,000

10,000

0

Long-term borrowings (Floating interest rate)

27,000

27,000

0

Long-term borrowings (Fixed interest rate)

471,500

471,500

0

Bonds

57,000

57,000

0

Total

565,500

565,500

0

4. Other Matters Required for Investors to Appropriately Understand and Evaluate the Above

Information

There is no change to the content of "Investment Risks" of the Securities Report submitted on September 29, 2020 with respect to the risks involved in repayment etc. of the current debt financing.

End

This English language notice is a translation of the Japanese language notice dated March 26, 2021 and was prepared solely for the convenience of, and reference by, overseas investors. Neither NBF nor Nippon Building Fund Management, Ltd. makes any warranties as to its accuracy or completeness.

Disclaimer

Nippon Building Fund Inc. published this content on 26 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 March 2021 06:32:06 UTC.


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Financials
Sales 2021 90 977 M 830 M 830 M
Net income 2021 38 016 M 347 M 347 M
Net Debt 2021 477 B 4 348 M 4 348 M
P/E ratio 2021 29,5x
Yield 2021 3,25%
Capitalization 1 170 B 10 659 M 10 668 M
EV / Sales 2021 18,1x
EV / Sales 2022 17,8x
Nbr of Employees -
Free-Float 83,7%
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Last Close Price 708 000,00 
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Managers and Directors
Koichi Nishiyama Executive Officer
Motohiko Sato Supervisory Officer
Masaki Okada Supervisory Officer
Keiko Hayashi Supervisory Officer
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