MIRAI Corporation (JP:3476) has released an update.
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MIRAI Corporation has hedged its interest rate volatility risk by entering into interest rate swap agreements, effectively fixing the floating rate on 0.5 billion yen worth of long-term loans for a five-year period. The swap, with Nomura Securities Co., Ltd. as the counterparty, sets the rate at 0.87100%, with an adjusted loan interest rate of 1.14100% due to the swap. This strategic move aims to stabilize the company’s financial obligations amidst fluctuating interest rates.
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