Japan Real Estate Investment (JP:8952) has released an update.
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Japan Real Estate Investment Corporation has announced a new debt financing plan to repay an existing long-term loan of JPY 5 billion due September 1, 2017, with a new JPY 5 billion loan from The Norinchukin Bank, due September 2, 2025. The new loan features an interest rate of the 3-month JPY TIBOR plus 0.060%, and will result in a JPY 7.3 billion reduction in total interest-bearing debt for the company.
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