Daiwa Office Investment Secures New Funding

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

Daiwa Office Investment Corporation has announced the borrowing of 1,000 million yen slated for September 30, 2024, to repay an equal amount of maturing debt. The unsecured loan, contracted with Sumitomo Mitsui Trust Bank, comes with an interest rate of the 1-month Japanese Yen TIBOR plus 0.400%, and is due for a lump-sum repayment on September 30, 2032. This financial maneuver will not alter the company’s total interest-bearing liabilities, maintaining the balance at 219,400 million yen.

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