MFLP Mitsui Fudosan Logistics Park Inc. Development / Operation Track Record
2 -4. Financial Strategy
MFLP Mitsui Fudosan
Logistics Park Inc.
Stable financial management: Progress in diversifying financial institutions and maturities
Interest-bearing debt maturity ladder and lender formation
(million yen)
10,000
Commitment line 10,000 million yen
■Long-term (fixed rate) borrowing Long-term (floating rate) borrowing short-term borrowing Unsecured Bonds
8,000
6,000
4,000
2,000
4500
6,600
il...
4,000
3,000
3,600
2,100
3,000
9,400
8,100
8,300
8,500
8,900
8,900
7,500
7,200
7,600
5,900
5,600
5,700
6,200
2,000
4,900
1,700
2,000
0
FP
ending
FP
ending
FP
ending
FP
FP
FP
FP
2024/1
2024/7
2025/1
ending
2025/7
ending
ending
ending
FP
ending
2026/1
2026/7
2027/1
2027/7
FP
ending
2028/1
FP
ending
2028/7
FP
ending
2029/1
FP
ending
2029/7
FP
ending
2030/1
FP
ending
2030/7
FP
FP
ending
2031/1
ending
2031/7
FP
ending
2032/1
FP
ending
2032/7
FP
ending
2033/1
FP
ending
FP
ending
2033/7
2034/1
* Reflects debt maturities after the borrowings on May 31, 2023.
Initiatives for ESG Finance
Trend in ESG Finance
Sustainability Linked Loan
MFLP-REIT has developed a Sustainability Linked Loan Framework, a first for a J-REIT and borrowed 10.0 billion
yen as a Sustainability Linked Loan from syndicate of 21 banks arranged by Sumitomo Mitsui Banking Corporation
in February 2023. the Framework has received a "Second Opinion" by R&I, a third-party organization.
End of 12th
fiscal period
(July 31, 2022)
3.0
billion yen
End of 14th
fiscal period
(July 31, 2023)
24.0
billion yen
Going forward, will
continue to use ESG
financing to promote
ESG-friendly asset
management
Lender
Syndicate of 21
banks arranged
by Sumitomo
Mitsui Banking
Corporation
4 - 10 years
Amount
Borrowing period
Sustainability Performance Target (SPT)
Incentive
10.0 billion
yen
Reducing CO2 emissions intensity (Scope 1 and 2) of logistics
facilities from 2016 by the following percent
0.02% 0.01%
by 2024
by 2027
by 2030
100%
reduction in the
applicable interest
rate for the
remaining term
60%
90%
=Environmental KPI
set by MFLP-REIT
upon achievement
of SPT*
Received opinion from R&I that the SPT is a
sufficiently ambitious goal
* If the CO2 emission intensity as of the SPT determination year is higher than in 2016, the applicable interest rate for the remaining period will
be increased by 0.01% or 0.02%.
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