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 short-term loan of JPY 2 billion, with the funds being sourced from Mizuho Bank, Ltd. The new loan, bearing an interest rate based on the 1-month JPY TIBOR plus 0.040%, is to be repaid in a lump sum by July 10, 2025. This financial move will not alter the balance of the company’s interest-bearing debt, which remains at JPY 465,193 million.
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