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Long-term loans

As of 31 March 2020

Lender UPB
(million yen)
Interest
rate
(p.a.)
(%)
Drawdown
date
Repayment -
due date
Term Fixed
or
floating
     
   
MUFG Bank, Ltd.
Development Bank of Japan Inc.
1,500 1.37322 18 Oct.
2012
30 Sep.
2020
8.0
years
Fixed rate
Meiji Yasuda Life Insurance Co. 1,000 1.41807 31 Jan.
2013
30 Sep.
2020
7.7
years
Fixed rate
MUFG Bank, Ltd.
Sumitomo Mitsui Banking Corp.
The Bank of Fukuoka, Ltd.
The 77 Bank, Ltd.
4,750 Bank base rate
(JBA 1-month Japanese Yen TIBOR)
+ 0.23
*3)
30 Mar.
2018
31 Mar.
2021
3.0
years
Floating rate
MUFG Bank, Ltd.
The Bank of Fukuoka, Ltd.
The Iyo Bank, Ltd.
The Joyo Bank, Ltd.
The Nanto Bank, Ltd.
The Ashikaga Bank, Ltd.
The Daishi Bank, Ltd.
The Higashi-Nippon Bank, Limited
The Hyakugo Bank, Ltd.
Tokio Marine & Nichido Fire Insurance Co., Ltd.
6,000 0.59544 31 Mar.
2017
31 Mar.
2022
5.0
years
Fixed rate
MUFG Bank, Ltd.
The Bank of Fukuoka, Ltd.
Meiji Yasuda Life Insurance Co.
The Iyo Bank, Ltd.
5,000 0.92968 30 Sep.
2015
30 Sep.
2022
7.0
years
Fixed rate
MUFG Bank, Ltd.
Sumitomo Mitsui Banking Corp.
The Bank of Fukuoka, Ltd.
The 77 Bank, Ltd.
4,750 Bank base rate
(JBA 1-month Japanese Yen TIBOR)
+ 0.33
*3)
30 Mar.
2018
31 Mar.
2023
5.0
years
Floating rate
MUFG Bank, Ltd.
Development Bank of Japan Inc.
Sumitomo Mitsui Banking Corp.
The Bank of Fukuoka, Ltd.
The Nanto Bank, Ltd.
The 77 Bank, Ltd.
The Ashikaga Bank, Ltd.
6,000 0.66849 28 Sep.
2018
29 Sep.
2023
5.0
years
Fixed rate
MUFG Bank, Ltd.
Meiji Yasuda Life Insurance Co.
Development Bank of Japan Inc.
Sumitomo Mitsui Banking Corp.
The Bank of Fukuoka, Ltd.
10,500 0.77756 24 Mar.
2017
29 Mar.
2024
7.0
years
Fixed rate
Development Bank of Japan Inc. 5,000 0.75558 29 Sep.
2017
30 Sep.
2024
7.0
years
Fixed rate
MUFG Bank, Ltd. 500 0.41940 30 Sep.
2019
30 Sep.
2024
5.0
years
Fixed rate
Development Bank of Japan Inc. 3,500 0.79131 28 Feb.
2018
31 Mar.
2025
7.1
years
Fixed rate
MUFG Bank, Ltd.
The Iyo Bank, Ltd.
The Nanto Bank, Ltd.
Sompo Japan Insurance Inc.
4,000 0.52268 31 Mar.
2020
31 Mar.
2025
5.0
years
Fixed rate
MUFG Bank, Ltd.
The Hyakugo Bank, Ltd.
3,000 0.48947 30 Sep.
2019
30 Sep.
2025
6.0
years
Fixed rate
MUFG Bank, Ltd.
Development Bank of Japan Inc.
Sumitomo Mitsui Banking Corp.
The Iyo Bank, Ltd.
ORIX Bank Corp.
4,000 0.56580 30 Sep.
2019
30 Sep.
2026
7.0
years
Fixed rate
MUFG Bank, Ltd.
Development Bank of Japan Inc.
Sumitomo Mitsui Banking Corp.
Meiji Yasuda Life Insurance Co.
The Norinchukin Bank
5,000 0.74394 29 Mar.
2019
31 Mar.
2027
8.0
years
Fixed rate
MUFG Bank, Ltd.
Sumitomo Mitsui Banking Corp.
The Bank of Fukuoka, Ltd.
3,000 0.64971 30 Sep.
2019
30 Sep.
2027
8.0
years
Fixed rate
MUFG Bank, Ltd.
Meiji Yasuda Life Insurance Co.
The Norinchukin Bank
5,000 0.73035 31 Mar.
2020
31 Mar.
2028
8.0
years
Fixed rate
MUFG Bank, Ltd.
Development Bank of Japan Inc.
Meiji Yasuda Life Insurance Co.
3,000 0.82485 30 Sep.
2019
28 Sep.
2029
10.0
years
Fixed rate
Total loans 75,500
  • Funds are used to acquire trust beneficial interests in properties, to refinance loans, or to repay corporate bonds at maturity.
  • Under some conditions, loans may be collateralized by trust beneficial interests in real estate owned by GOR.
  • As to JBA Japanese Yen TIBOR, please refer to the website of General Incorporated Association JBA TIBOR Administration (http://www.jbatibor.or.jp/english/).
  • The domestic corporate loan-related business of Mitsubishi UFJ Trust and Banking Corporation was succeeded by MUFG Bank, Ltd. as of 16 April 2018.
  • “Sompo Japan Insurance Inc.” is the company name used from 1 April 2020.

Balance by lender

As of 31 March 2020

Lender Type of relationship UPB
(million yen)
Share
(%)
MUFG Bank, Ltd. Sponsors 31,400 41.6
Development Bank of Japan Inc. Other financial institutions 13,500 17.9
Meiji Yasuda Life Insurance Co. Sponsors 6,500 8.6
Sumitomo Mitsui Banking Corp. Other financial institutions 5,250 7.0
The Bank of Fukuoka, Ltd. Other financial institutions 4,750 6.3
The Norinchukin Bank Other financial institutions 2,600 3.4
The Iyo Bank, Ltd. Shareholders of the asset manager
other than sponsors
2,300 3.0
The 77 Bank, Ltd. Other financial institutions 1,500 2.0
The Hyakugo Bank, Ltd. Shareholders of the asset manager
other than sponsors
1,500 2.0
The Nanto Bank, Ltd. Shareholders of the asset manager
other than sponsors
1,400 1.9
The Ashikaga Bank, Ltd. Shareholders of the asset manager
other than sponsors
1,000 1.3
ORIX Bank Corp. Other financial institutions 1,000 1.3
Sompo Japan Insurance Inc. Shareholders of the asset manager
other than sponsors
800 1.1
The Joyo Bank, Ltd. Shareholders of the asset manager
other than sponsors
500 0.7
The Daishi Bank, Ltd. Other financial institutions 500 0.7
Higashi Nippon Bank, Ltd. Other financial institutions 500 0.7
Tokio Marine & Nichido Fire Insurance Co., Ltd. Other financial institutions 500 0.7
Total 75,500 100.0
  • The domestic corporate loan-related business of Mitsubishi UFJ Trust and Banking Corporation was succeeded by MUFG Bank, Ltd. as of 16 April 2018.
  • “Sompo Japan Insurance Inc.” is the company name used from 1 April 2020.

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