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DAIWA SECURITIES LIVING INVESTMENT CORPORATION

(8986)
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Daiwa Securities Living Investment : Notice Concerning Interest-Rate Swap Agreements

09/29/2021 | 02:32am EST

English Translation

The following is an English translation of the Japanese original press release and is being provided for information purposes only.

September 29, 2021

To All Concerned Parties

REIT Issuer: Daiwa Securities Living Investment Corporation

6-2-1 Ginza, Chuo-ku, Tokyo 104-0061

Ikuo Shoda, Executive Director

(Securities Code: 8986)

Asset Manager: Daiwa Real Estate Asset Management Co. Ltd.

Toshio Fukushima, President and Chief Executive Officer

Inquiries: Takashi Chiba, General Manager, Corporate Division

Tel: +81-3-6757-9680

Notice Concerning Interest-Rate Swap Agreements

Daiwa Securities Living Investment Corporation (hereinafter referred to as the "Investment Corporation") hereby announces that the Investment Corporation executed interest-rate swap agreements. Details are provided as follows.

I. Purpose of the Interest-Rate Swap Agreements

The Investment Corporation has executed interest-rate swap agreements to fix the interest rate for the 5,150 million yen borrowings to be financed on September 30, 2021 and October 1, 2021 as a hedge against possible increase of the interest rates in future.

II. Summary of the Interest-Rate Swap Agreements

Notional

Interest Rate

Commence

Termination

Lenders

Amount

Counterparty

Fixed

Floating

ment Date

Date

(JPY million)

interest rate

interest rate

payable

receivable

MUFG Bank, Ltd.

500

Shinsei Bank,

0.1300%

Limited

Sumitomo Mitsui Banking

450

Corporation

MUFG Bank, Ltd.

870

Jun. 29,

Shinsei Bank, Limited

630

Shinsei Bank,

0.1300%

3-month

2029

The 77 Bank, Ltd.

500

Limited

JBA

Oct. 1,

Japanese

2021

Yen TIBOR

Resona Bank, Limited

300

(Note)

Sumitomo Mitsui Banking

770

Shinsei Bank,

0.1300%

Corporation

Limited

Nomura

Sep. 29,

Mizuho Bank, Ltd.

630

Securities Co.,

0.1230%

2028

Ltd.

Sumitomo Mitsui Trust

Nomura

Sep. 30,

500

Securities Co.,

0.0990%

Bank, Limited

2026

Ltd.

(Note) The interest payment date is the last day of March, June, September, and December of each year (if the relevant day is not a business day, the next business day, and if the next business day falls into the next month, the immediately preceding business day). Floating interest rate receivable is calculated on the basis of the 3-month JBA TIBOR published two business days prior to the commencement of the calculation period for interest.

Please refer to the 3-month JBA TIBOR Administration website (http://www.jbatibor.or.jp/english/rate/) for JBA Japanese Yen TIBOR information.

Note: This press release is a document for making a public announcement concerning interest-rate swap agreements, and it has not been prepared for the purpose of soliciting investments. Investors are asked to ensure that they read the prospectus for the issuance of new investment units, as well as the amendments thereto, prepared by the Investment Corporation before they invest and that they make decisions on investment at their own discretion.

English Translation

The following is an English translation of the Japanese original press release and is being provided for information purposes only.

III. Interest rate payable after the conclusion of the Interest-Rate Swap Agreements for floating interest rate borrowing

Amount of

Fixed

Borrowing

Lenders

borrowing

Floating interest rate

interest rate

Due date

date

(JPY million)

payable

MUFG Bank, Ltd.

500

0.6500%

Sep. 30,

2021

Sumitomo Mitsui

450

Banking Corporation

MUFG Bank, Ltd.

870

3-month JBA Japanese Yen

Jun. 29,

Shinsei Bank, Limited

630

TIBOR +0.5200%

0.6500%

2029

The 77 Bank, Ltd.

500

Oct. 1,

Resona Bank, Limited

300

2021

Sumitomo Mitsui

770

0.6500%

Banking Corporation

Mizuho Bank, Ltd.

630

3-month JBA Japanese Yen

0.6055%

Sep. 29,

TIBOR +0.4825%

2028

Sumitomo Mitsui Trust

500

3-month JBA Japanese Yen

0.5065%

Sep. 30,

Bank, Limited

TIBOR +0.4075%

2026

Ⅳ. Forecast

There is minimal impact from these interest-rate swap agreements on asset management conditions for the fiscal period ending March 31, 2022 (October 1, 2021 to March 31, 2022) and the fiscal period ending September 30, 2022 (April 1, 2022 to September 30, 2022).

. Other

As for risks pertaining to the Financing etc., there are no material changes to the "Part 2 Reference Information, 2 Supplement Information, (6) Investment risks" stated in the Securities Registration Statement (submitted on September 10, 2021).

*URL: https://www.daiwa-securities-living.co.jp/en/

Note: This press release is a document for making a public announcement concerning interest-rate swap agreements, and it has not been prepared for the purpose of soliciting investments. Investors are asked to ensure that they read the prospectus for the issuance of new investment units, as well as the amendments thereto, prepared by the Investment Corporation before they invest and that they make decisions on investment at their own discretion.

Disclaimer

Japan Rental Housing Investments Inc. published this content on 29 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2021 06:31:06 UTC.


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Sales 2022 22 053 M 194 M 194 M
Net income 2022 9 071 M 79,9 M 79,9 M
Net Debt 2022 - - -
P/E ratio 2022 27,0x
Yield 2022 3,84%
Capitalization 249 B 2 192 M 2 193 M
Capi. / Sales 2022 11,3x
Capi. / Sales 2023 10,7x
Nbr of Employees 15 028
Free-Float 80,0%
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Last Close Price 112 900,00 
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Managers and Directors
Toshio Fukushima President & Representative Director
Akira Yamanouchi Chairman
Kouhei Yabuta Supervisory Officer
Jun Nagamine Supervisory Officer
Ikuo Shoda Executive Officer