Daiwa Office Corp Secures 4.5 Billion Yen for Acquisition

Daiwa Office Investment Corporation (JP:8976) has released an update.

Daiwa Office Investment Corporation has announced the decision to borrow a total of 4,500 million yen to partially finance the recent acquisition of the Daiwa Akihabara Building. The funds are sourced from multiple banks with varying interest rates and terms, with the interest calculated based on the Japanese Yen TIBOR rates. The borrowing will not introduce new investment risks beyond those disclosed in the company’s February report.

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