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GLP J-REIT files shelf for ¥100B bonds

Japanese real estate investment trust GLP J-REIT filed a shelf registration for the issuance of ¥100.00 billion worth of investment corporation bonds between June 14, 2018, and June 13, 2020.

The company will use the proceeds to buy certain real estate assets, repay funds for borrowings, redeem funds for investment corporation bonds and for working capital, among other purposes.

The shelf does not cover short-term investment corporation bonds, according to a release.

As of June 5, US$1 was equivalent to ¥109.71.