Comforia Residential REIT Inc. will issue investment corporation bonds worth up to ¥25 billion, from June 1, 2017, to May 31, 2018, it said in a release.

The company intends to use proceeds from the issuance, which may be divided into installments, to purchase assets, repay debt and redeem investment corporation bonds, among other purposes.

As of May 29, US$1 was equivalent to ¥111.29.