MIRAI Corporation (JP:3476) has released an update.
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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