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Nippon Accommodations Fund Inc. Announces ¥100 Billion Bond Issuance Plan

Story Highlights
  • Nippon Accommodations Fund Inc. focuses on accommodation-related properties in Japan.
  • The company plans to issue ¥100 billion in bonds for operational and financial flexibility.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Nippon Accommodations Fund Inc. Announces ¥100 Billion Bond Issuance Plan

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Nippon Accommodations Fund Inc. ( (JP:3226) ) just unveiled an update.

Nippon Accommodations Fund Inc. has submitted a shelf registration statement for issuing investment corporation bonds worth ¥100 billion to the Kanto Local Finance Bureau. The funds raised will be used for acquiring assets, repaying borrowings, redeeming bonds, and other operational needs, which could enhance the company’s financial flexibility and market position.

The most recent analyst rating on (JP:3226) stock is a Hold with a Yen131000.00 price target. To see the full list of analyst forecasts on Nippon Accommodations Fund Inc. stock, see the JP:3226 Stock Forecast page.

More about Nippon Accommodations Fund Inc.

Nippon Accommodations Fund Inc. is a real estate investment trust (REIT) focused on acquiring, managing, and investing in accommodation-related properties in Japan. The company is managed by Mitsui Fudosan Accommodations Fund Management Co., Ltd., which specializes in real estate investment management.

Average Trading Volume: 5,012

Technical Sentiment Signal: Buy

Current Market Cap: Yen298.3B

Find detailed analytics on 3226 stock on TipRanks’ Stock Analysis page.

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