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An update from Nippon Accommodations Fund Inc. ( (JP:3226) ) is now available.
Nippon Accommodations Fund Inc. announced a new borrowing of 1.5 billion yen from the Development Bank of Japan Inc., with an interest rate of 1.647% and a maturity date set for March 31, 2033. This move will slightly reduce the company’s total interest-bearing debt and interest-bearing debt ratio, indicating a strategic financial adjustment to optimize its debt structure without altering its investment risk profile.
More about Nippon Accommodations Fund Inc.
Nippon Accommodations Fund Inc. operates in the real estate investment trust (REIT) industry, focusing on acquiring and managing residential properties in Japan. The company is managed by Mitsui Fudosan Accommodations Fund Management Co., Ltd., which specializes in real estate investment trust management.
YTD Price Performance: -1.04%
Average Trading Volume: 5,201
Technical Sentiment Signal: Buy
Current Market Cap: Yen286.7B
See more insights into 3226 stock on TipRanks’ Stock Analysis page.