Frontier Real Estate Investment Corporation (JP:8964) has released an update.
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Frontier Real Estate Investment Corporation has announced the execution of a new long-term loan, slated for drawdown on September 19, 2024, to refinance an existing ¥1.5 billion debt due on the same date. The new loan with Mizuho Bank, Ltd. is unsecured and unguaranteed, with an interest rate based on the 1-month JBA Japanese Yen TIBOR plus 0.23000%. The transaction will not alter the corporation’s total borrowings, maintaining it at ¥127.7 billion.
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