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Hankyu Hanshin REIT, Inc. ( (JP:8977) ) has provided an announcement.
Hankyu Hanshin REIT, Inc. has announced a decision to undertake debt financing through a Green Loan, amounting to 4 billion yen, to refinance borrowings due at the end of May 2025. This move aligns with their Green Finance Framework, emphasizing sustainability in their financial strategies. The refinancing involves a long-term borrowing from the Development Bank of Japan Inc., with a portion of the loan having a variable interest rate tied to the JBA 3-month Japanese Yen TIBOR. The initiative reflects the company’s commitment to sustainable finance and is expected to maintain its current level of interest-bearing liabilities, thereby not altering its financial risk profile.
More about Hankyu Hanshin REIT, Inc.
Hankyu Hanshin REIT, Inc. operates in the real estate investment trust (REIT) industry, focusing on managing and investing in real estate properties. The company is involved in acquiring and managing a diversified portfolio of properties, including office buildings and commercial facilities, primarily in Japan. It aims to enhance asset value and provide stable income to its investors.
Average Trading Volume: 2,373
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen100.9B
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