| |  |     Recent borrowings and refinancing results since December 2018 are shown here.
For refinancing, we have achieved lowering average interest rate along with maintaining average period remaining to maturity. For recent borrowings, thanks to favorable financing market condition, we have successfully lowered overall interest costs.
On July 9, 2019, we issued our first Green Bonds with attractive terms.
A maturity ladder is shown in the bottom. We have managed to level the outstanding debt and average interest rate at each period with paying attention to refinancing.
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